Pimco's Bill Gross says, US Fed could Hint at QE-3 at April meeting
The Fed is likely to hint at QE-3 at its 25 April gathering, Bill Groshttp://www.ibtimes.com/biz/admin/publish/published/index.php?a=insert&typology=1s wrote on Twitter Sunday.
Bill Gross runs the World's biggest bond fund at Pacific Investment Management Co., and he said the US Federal Reserve will probably signal it plans to arrange a 3rd round of debt purchases when policy makers meet in April.
The end of tax breaks enacted by President George W. Bush and $1-T of mandatory federal budget cuts are raising concern that declining unemployment will give way to slower economic growth that requires support from the central bank.
Policy makers under Fed Chairman Ben S. Bernanke have purchased $2.3-T of Treasuries and mortgage debt in 2 rounds of quantitative easing, known as QE-1 and QE-2, as they try to sustain the expansion.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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