To investors’ relief, the Fed sent yet another strong signal to the markets that it is preparing to take action to boost the nation’s lackluster recovery. According to the minutes released today, “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery.” Although no one is exactly sure what the Fed has in mind, many believe that another major bond-buying program may be right around the corner. Despite today’s announcement, investors will likely remain cautious until the Fed’s annual meeting in Jackson Hole at the end of next week, where many hope the central bank will provide more hints on future stimulus measures [see also Seven Simple & Cheap ETF Model Portfolio]. Global Market Overview: Stocks Not-So-Bullish On QE3 U.S. equities closed mixed on the day, with the Dow Jones Industrial Average (DIA) failing to land in [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Set Your Stops And Targets Tight Tuesday’s ETF Chart To Watch: DB USD Index Bullish (UUP) ETF Insider: Fed Offers No Relief Daily ETF Roundup: UUP Soars On Greenback Rally, DBB Drops Wednesday’s ETF Chart To Watch: DB USD Index Bullish (UUP)
To investors’ relief, the Fed sent yet another strong signal to the markets that it is preparing to take action to boost the nation’s lackluster recovery. According to the minutes released today, “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery.” Although no one is exactly sure what the Fed has in mind, many believe that another major bond-buying program may be right around the corner. Despite today’s announcement, investors will likely remain cautious until the Fed’s annual meeting in Jackson Hole at the end of next week, where many hope the central bank will provide more hints on future stimulus measures [see also Seven Simple & Cheap ETF Model Portfolio]. Global Market Overview: Stocks Not-So-Bullish On QE3 U.S. equities closed mixed on the day, with the Dow Jones Industrial Average (DIA) failing to land in [...]
Click here to read the original article on ETFdb.com.
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