With Bernanke On The Tight Rope, FOMC Will Expand QE3 In December |
| October 24, 2012 | October 2012 Bond Updates |
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Central bankers have been flying under the radar ever since the ECB’s Mario Draghi offered Spain and Italy open-ended bond purchases and Fed Chairman Ben Bernanke unveiled a third round of quantitative easing. Working behind the scenes, Bernanke & Co. have been gathered in Washington for two days and on Wednesday will issue their latest FOMC statement, in which they’ll update markets on the progress of QE3 and a slightly improved labor market, Goldman Sachs’ chief economist Jan Hatzius said. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/10/24/fed-meeting-bernanke-to-hold-steady-extend-qe3-to-85b-a-month-in-december/ |
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