The dean of Fedwatchers, MNI’s Steve Beckner writes that today’s jobs report is “widely seen as cementing the case” for QE3 his latest.
Most Fed watchers believe the FOMC will almost surely go ahead with a new asset purchase program — and not merely tinker with its communication tool
WSJ Fedwatcher Jon Hilsenrath was uncharacteristically wishy-washy but said the jobs report “increases the likelihood” of QE3.
Officials have been leaning toward an open-ended bond-buying program in which the Fed holds open the possibility that it will continue to buy bonds after an initial allotment is purchased if the economy doesn’t pick up. They also have been leaning toward purchasing mortgage backed securities.
Reuters top Fed reporter Pedro da Costa also sees QE3 coming and the regular Reuters round up of chatter.
