Here is what I am reading: Fed Seen Forgoing Next Round of Asset Purchases Until September (Bloomberg) RBI: Policy rates unchanged, SLR cut releases funds for private sector (Economic Times) Stocks idle before data deluge (MarketWatch) Asia readies for QE3 roller coaster (MarketWatch) Next Stop for 10-Year Treasurys: 1.25% Yield? (WSJ) The Case for Keeping…
Monday’s Action: The week began on a positive note but then the markets gave back some of the big gains of last week. This could be a healthy move as the retracement was mild, though the volume increased. Overall, it indicates that market is holding up positions acquired last week. DJIA showed its indecision for…
Federal Reserve is starting its two-day meeting today. A Bloomberg survey says that a number of economist do not expect Fed to announce a third round o large-scale asset purchases this week. Eighty-eight percent of economists say the Federal Open Market Committee will refrain from starting new purchases at a two-day meeting beginning today in…