The Federal Reserve concludes a two-day policy meeting later, with expectations high that the U.S. central bank will extend its bond-buying program dubbed "Operation Twist".
"We have seen a clear weakening in the U.S. economy," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
"The strong employment numbers we'd seen earlier look to have been seasonal, so (the Fed) is going to have to look at doing something to improve jobs growth. The question is: will they act now or hold off and use their firepower if or when the euro crisis gets worse?"
The Federal Reserve concludes a two-day policy meeting later, with expectations high that the U.S. central bank will extend its bond-buying program dubbed "Operation Twist".
ReplyDelete"We have seen a clear weakening in the U.S. economy," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
"The strong employment numbers we'd seen earlier look to have been seasonal, so (the Fed) is going to have to look at doing something to improve jobs growth. The question is: will they act now or hold off and use their firepower if or when the euro crisis gets worse?"