QE3可能没戏, FED根本不在议事日程上...

davidino

10:47 (Dow Jones) By keeping rates ultra-low until at least mid 2013, the Fed has likely taken QE3 off the table, say Standard Chartered analysts. CPI inflation is also still ticking higher, driven by the base effect, diminishing the chances for Fed stimulus. "This time around, we believe there needs to be even more market disruption to persuade Bernanke to signal imminent QE," say the analysts. "In particular, it would probably require a continual free-fall in the stock markets and a further sharp decline in market-based measures of inflation expectations." Quiet US session so far as investors look toward end-of-week Jackson Hole confab, with EUR/USD slightly lower at 1.4391 from 1.4396 late Fri, according to EBS via CQG.

davidino

10:26 (Dow Jones) A slew of fixed-income research notes Mon morning stress one common theme: Investors will likely be disappointed by Friday's Jackson Hole, Wyo., conference, with few analysts expecting the Fed will come forth with a full-fledged plan to buy more bonds. "There's a greater risk of disappointment going into this weekend," said Sean Simko, portfolio manager at SEI. "At this point, QE3 remains off the table." If investors walk away from the summit without seeing more Fed support, Simko says there will be a continuation of the bid into safe-haven Treasurys for yields to retest the lows reached last week.

Poo