| Economic Update [ PDF ] | |
| Bernanke confirms more easing | |
| - by Heng Guie LEE | |
| The Fed's latest dose of "monetary medicine" is no surprise to us and the market. The Fed has initiated the third round of QE (bond purchases of US$40bn per month), as well as extended its low-rate pledge from at least "late-2014" to at least "mid-2015". With this latest monetary punch, the pressure is piling up on lawmakers to strike a deal to prevent the "fiscal cliff". Uncertainties over the tax policy, government spending and the future of regulations are the real impediments to faster economic growth.RDD |
15 September 2012
Economic Update [ PDF ] Bernanke confirms more easing - CIMB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment