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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (132085)	5/9/2012 9:12:44 AM
From: tonto	3 Recommendations Read Replies (1) \| Respond to of 224724

Pacific Investment Management Co.’s Bill Gross and Jan Hatzius at Goldman Sachs Group Inc. (GS) say investors should prepare for additional bond purchases by the Federal Reserve, known as QE3, to combat a slowing U.S. economy. A decision to buy more debt is “getting closer,” Gross, who runs the world’s largest mutual fund, wrote on Twitter yesterday. Hatzius, the chief economist at New York-based Goldman Sachs, predicted in a report the same day that the Fed will announce additional monetary easing when it meets in June. Enlarge image The U.S. Federal Reserve building stands in Washington, D.C. Photographer: Brendan Smialowski/Bloomberg Play Video April 26 (Bloomberg) -- Bill Gross, manager of the world's biggest mutual fund at Pacific Investment Management Co., talks about the outlook for another round of quantitative easing by the Federal Reserve and 10-year Treasury note yields. He speaks with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg) Enlarge image The Federal Reserve building in Washington. Photographer: Andrew Harrer/Bloomberg Prospects for central bank asset purchases increased after a Labor Department report May 4 showed U.S. employers added 115,000 jobs in April, the smallest gain in six months. Europe’s debt crisis is threatening to slow global growth. Ten-year Treasury yields fell to 1.81 percent yesterday, approaching the record low of 1.67 percent set Sept. 23. “In such an uncertain environment, taking out a bit more insurance still looks like the sensible choice for U.S. monetary policy makers,” Hatzius wrote. “We have stuck with our forecast of some additional monetary easing” at the Fed’s policy meeting June 19 to June 20.