Reuters poll of 59 economists sees 60% change of QE3 compared to 45% in an Aug 24 poll.
- Median of survey of primary dealers sees 68% chance
- 36 of 52 economists see QE3 as open ended
- 49 of 52 economists see rate guidance extended
I would put the odds even higher than 60% but economists are loath to change their calls so quickly. When all is said and done, I expect the market to go into the announcement pricing in an 80% chance.
