Show Entire Article
A third round of quantitative easing (QE3) in the United States is still far from a foregone conclusion, with traders and investors divided as to its likelihood and the effect it might have, if enacted.
Bill Gross, founder of investment manager Pimco, made a bullish call on Twitter Wednesday after a surprisingly dovish set of minutes from the Federal Reserve’s Open Market Committee (FOMC). “Fed minutes make QE3 and extended period language an 80 percent probability. Front-end curve friendly,” he wrote.
European shares were buoyed on Thursday while Asian shares rose to a two-week high on hopes that a third round of mass liquidity injections (CNBC Explains: What is Quantitative Easing? ) could be announced as early as Fed Chairman Ben Bernanke’s speech at Jackson Hole next week.
The dollar fell against a basket of currencies and the euro rallied to above 1.2550 against the greenback. But the market moves could end up being presumptuous.
Page 1 of 3 | Next Page
Show Entire Article
JPY=X News & Analysis
No recent news available
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES