Fed Announcement May Mean the Beginning of the End of QE3

The Federal Reserve may announce Wednesday it is finally ready to dial back QE3.

Fed Chairman Ben Bernanke signaled in June that dialing back quantitative easing would depend upon improvements in economic data.

Fed Chairman Ben Bernanke signaled in June that dialing back quantitative easing would depend upon improvements in economic data.

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"The increase in rates since May has put a crimp in housing but has not stopped the recovery," says John Canally, investment strategist at LPL Financial. "Around 50 percent of sales this year and last have been for cash, so half the market [is] totally unaffected by [the] rate rise."

 

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