Majority of Economist Now Looking For QE3

Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Majority of Economists Expecting QE3 Thursday

Bloomberg is reporting that nearly two-thirds of economists expect QE3 announcement on Thursday.

In a Wednesday report, Bloomberg wrote that nearly two-thirds of economists in its survey expect the Fed to announce another round of bond purchases on Thursday. In addition, those surveyed are looking for an extension of the Fed’s forward guidance.

In a separate survey, CNBC reported Wednesday that 77% of the economists they surveyed expect the FOMC to launch QE3. And the vast majority of those, expect the Fed to initiate the program in September.

The Bloomberg report noted that 32 of the 73 economists surveyed expect any new bond buying program to be open-ended, while 22 expect a fixed duration and amount.

The CNBC poll showed the average expectation for the program was $510 billion.

Note that both surveys showed that those expecting the Fed to launch QE have increased since last week’s Employment Report.

How does this report affect our short-term trading strategy? Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out. Even if you've taken a free trial of the Daily Decision in the past, you owe it to yourself to check out the new system.

To learn more about our NEW “Adaptive” Daily Decision System (a 100% rules-based system designed to guide your market moves) Download our Special Report on the New "Adaptive" Daily Decision System

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.