Рынок | Бернанке выступает сегодня в 21:30мск
Today’s Jon Hilsenrath article in the WSJ (see Suggested Readings) has increased anticipation over Chair Bernanke’s 1:30pm EST speech on ‘the US economic outlook’.
In today’s article, titled ‘Fed Prepares to Act’, the three most likely policy tools are reviewed:
1) Extending maturities on the Fed’s bond portfolio (operation twist);
2) Reducing interest paid on reserves;
3) Use an explicit target for unemployment or inflation.
Unless the Fed opts for more extreme policy tools, like establishing a yield ceiling that would require a commitment to unlimited QE, most of the more likely tools are USD negative but to a lesser extent than QE has been. We maintain that loose policy at the Fed should prove a weight against the USD into year-end. (Scotia Capital)
Обама вроде как будет выступать в 01:00мск 09/09/11