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Job Gains Make New Fed Bond Buying Unlikely in ‘12, Survey Shows

The best six months of job gains since 2006 have helped reduce the odds of a third round of asset purchases by the Federal Reserve, according to a Bloomberg News survey of economists.

Sixty-one percent of respondents in a March 9-12 poll said Chairman Ben S. Bernanke will refrain from any action to expand the Fed’s $2.89 trillion balance sheet this year. In January, 50 percent of those surveyed predicted more bond buying.