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Markets More Doubtful of Fed Easing Benefits

From cnbc.com

The effects of the Federal Reserve's bond-buying program are looking more lackluster and more disruptive to market functioning, according to the latest CNBC Fed survey. The net percent of respondents who believe quantitative easing, or "QE," can help lower mortgage rates and bond yields has fallen, as has the net percent who say it will raise stock prices. The analysts, economists and fund managers who responded to the survey also expect the Fed to begin to "taper," or pare back its $85 billion a month in asset purchases sooner than they did when asked the same question in April. The majority now see the Fed starting ... (full story)

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