Fed Won’t Fold on Stimulus
Fed Won’t Fold on Stimulus (Reuters)
The Fed once again should confirm what most investors already know by now, that its $85 billion-a-month bond-buying spree will continue unabated. Best-guess estimates by those paid to form such opinions suggest that the 16-day government shutdown compounded tepid economic news. And, this combination means there won’t be a tapering of the stimulus plan until March of 2014. Even then, those same learned opinion makers suggest that the Federal Reserve will maintain low, to non-existent interest rates into 2015. With that in mind, the broader investing environment should sustain its Q4 momentum.