Market debates Fed's next move as QE2 ends |
Reuters - Jun 30, 2011 |
The Federal Reserve ended its $600 billion bond-buying program, known as QE2, on Thursday and has yet to offer any hints of more monetary easing to come. That hasn't stopped investors from wondering what new
tricks the central bank may have up its sleeve should the U.S.
economy continue to struggle in the second half of 2011.
Bill Gross, manager of PIMCO, the world's largest bond
fund, said last week the Fed may signal as soon as August that
it stands ready to print more money if the economy worsens and
recession starts looking like a real possibility. "I'm surprised at how quickly talk has turned to QE3.
It began even before QE2 had ended," said Gregory Whiteley, who
manages the government debt portfolio at DoubleLine Capital, a
Los Angeles-based fund with some $12 billion in assets.
Read Full Article from Reuters
- Posted: 2011-06-30 12:56:23
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