Tuesday, January 29, 2013

Fed asset purchases seen topping out at $1.14T.

Ben Bernanke's latest QE program is expected to end in Q1 of 2014, according to the median estimate of a Bloomberg survey. By then, say the respondents, asset purchases - a mix of Treasury's and MBS - will have reached $1.14T. The FOMC begins a 2-day meeting today, with economists expecting little more than a renewed commitment to current policy.