Hit Me Baby One More Time; Financial Markets  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8746 (Aug. 2011), page 51-52.
Topik: Securities Markets; Bond Markets; Central Banks; Sovereign Debt; Investors; Economic Impact; Monetary Policy

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.67 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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With stockmarkets slumping over the past two weeks investors hoped that the Federal Reserve would unveil a third round of "quantitative easing" (QE), the creation of money to bolster asset prices, on August 9th. The second round, announced in August last year, had triggered an equity rally in late 2010. What investors got was a commitment from the Fed to keep rates at their current low levels for another two years. While Wall Street managed a late rally on the day (the Dow gained almost 430 points, or 4%), the Fed's hit gave only a brief rush. Share prices resumed their fall on August 10th. If the economic slowdown continues, the Fed may have to dole out the hard stuff, in the form of more QE, later this year. But many observers think that, as with the last round, it will have only a temporary impact.

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