Fed May Dangle QE3 Carrot, but Few Expect Further Easing
From cnbc.com
The markets may be hoping the Federal Reserve will signal further easing at the end of its policy meeting, but experts tell CNBC, Fed Chief Ben Bernanke is unlikely to follow through with more easing. Rather, some economists say, rates are headed higher before the end of 2014. Investors will be looking out for the Federal Reserve's comments on "Operation Twist," a $400-billion program expected to end in June, and whether policymakers will extend the program. Under Twist, the Fed purchases longer-dated Treasurys and sells the same amount of shorter dated securities, so that it can drive down rates. Diane Swonk, ...
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