More Twist, Mortgage Buying Likely From Fed, Jersey Says
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The Federal Reserve is likely to provide added monetary stimulus when its current effort winds down, with an emphasis on extension of Operation Twist and further mortgage buying, according to Credit Suisse Group AG.
The probability of more central bank policy action reached 80 percent, up from 60 percent, the company said, after the Labor Department reported June 1 that U.S. employers added 69,000 jobs in May, the fewest in a year after an increase of 77,000 the previous month. The median forecast of 85 economists in a Bloomberg News survey before the jobs report was for an increase of 150,000 jobs.