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Shutdown Likely To Prolong Fed's Stimulus

Monday, October 14, 2013 - 8:54 PM
From The Wall Street Journal

     "The government shutdown and debt-ceiling fight are clouding the outlook
      for the global economy and markets, but they are bringing clarity to
      one area: The Federal Reserve is now likely to keep its foot on the
      monetary gas pedal even longer to offset damage from the standoff.
      In the latest Wall Street Journal survey of economists none of the 46
      respondents expected the Fed to announce a change to its bond purchases
      at its Oct. 29-30 meeting. In the survey a month earlier, two-thirds
      had expected at least some reduction in September or October.

Translation: The beatings will continue until moral improves; ie.,
continued low rates on deposit accounts.

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cumuluscumulus358 posts since
Jan 16, 2010
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