Economics
Fed Not Expected to Ramp Up Bond Buying This Year or Next
- Economists see move to longer-dated purchases by first quarter
- Most survey respondents give Fed a pass on fiscal appeals
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The Federal Reserve won’t increase the pace of its asset purchases this year or next, and wouldn’t meaningfully boost the U.S. economy even if it did so, according to most economists surveyed by Bloomberg News.
Many Fed watchers are eager for more guidance on the future of the central bank’s balance-sheet policy, but aren’t expecting any new clues when the Federal Open Market Committee gathers Nov. 4-5. After their Sept. 15-16 meeting, policy makers provided some additional clarity on the path of interest rates in the years ahead, but offered nothing new on whether the size or pattern of bond buying might be altered.