Nomura Friday became the first major firm to formally anticipate a change in Fed policy as soon as August 10 to alter course toward some renewed quantitative easing, arguing that without the change, Fed policy is becoming less accommodative week by week.
“We think there will be something in the (FOMC) language that maybe reverts back to the language of 2009, around the first time they made this statement, that the Federal Reserve needs to maintain an expanded balance sheet,” David Resler, chief North American economist for Normura, told Market News International. – iMarketNews
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