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Sep 19, 2013

Fed’s dovish turn leaves Wall Street economists mulling taper timing: Reuters poll

NEW YORK (Reuters) – The Federal Reserve’s surprise move on Wednesday to postpone the start of the wind down of its monetary stimulus of the U.S. economy has left Wall Street economists puzzled about the central bank’s next move.

Investors had been expecting the Fed to announce the start of a reduction in its monthly purchases of $85 billion of Treasuries and mortgage-backed securities, after comments by Fed chairman Bernanke as early as May this year.

Jul 5, 2013

Poll: Majority of U.S. primary dealers see Fed slowing bond buying in Sept

NEW YORK (Reuters) – The Federal Reserve is likely to begin shrinking the size of its debt purchase program, intended to prop up economic growth and support the labor market, by September of this year, according to the majority of economists at large Wall Street firms.

Economists at Goldman Sachs and J.P. Morgan specifically cited the government’s announcement earlier on Friday of stronger-than-expected U.S. jobs growth for June as a factor in bringing forward their expected timing of the Fed slowing.

Jun 8, 2013

Most economists see Fed scaling back bond buys by year-end: Reuters poll

NEW YORK (Reuters) – Most economists expect the Federal Reserve to scale back the size of its bond purchases, intended to prop up the economy, by the end of the year, and a sizeable number expect reduced buying as early as September, according to a Reuters poll.

Of 48 economists who answered a poll question on Friday about when they expected the Fed to cut back on the size of its debt purchases, 42 said they expected this by the end of 2013. Of those, 21 expect reduced purchases to be announced during the third quarter of the year, with 19 specifying the Fed’s September policy meeting.

May 3, 2013

Wall Street sees Fed buying $1.25 trillion of assets in stimulus: Reuters poll

NEW YORK (Reuters) – Wall Street is looking for the Federal Reserve to buy a total of $1.25 trillion of assets under its latest debt purchase program intended to stimulate the economy, according to a Reuters poll conducted on Friday.

The median of forecasts from economists at 15 U.S. primary dealers – the large financial institutions that deal directly with the Fed – was for the central bank to buy $1.25 trillion of assets, which was up from a median of $1 trillion in a similar poll conducted on March 8.

Jan 22, 2013

Prices ease on U.S. debt ceiling proposal

NEW YORK, Jan 22 (Reuters) – U.S. Treasury debt prices eased
on Tuesday as a strong German market sentiment survey and a U.S.
Republican proposal for a limited rise in the debt ceiling
curbed demand for safe-haven assets.

In Washington, Republican leaders in the House of
Representatives said they aim to pass a measure on Wednesday
that would allow the government to borrow the money it needs to
pay its bills for nearly four months more, to May 19.

Jan 4, 2013

Wall Street economists see Fed’s Treasury buying ending in 2013: Reuters poll

NEW YORK (Reuters) – Most economists at Wall Street’s top financial institutions expect the Federal Reserve in 2013 to end the program with which it bought Treasury debt in an effort to stimulate the economy, according to a Reuters poll on Friday.

Economists at nine of 16 primary dealers — the large financial institutions that do business directly with the Fed — said they expect the current Fed program of buying $45 billion per month of Treasuries to end in 2013.

Jan 2, 2013

Small-business borrowing rises in November

NEW YORK (Reuters) – Borrowing by small U.S. businesses rose marginally in November, indicating they were essentially on hold in terms of growing their enterprises in the face of economic and government fiscal uncertainty, a report on Wednesday showed.

The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to small U.S. companies, rose to 108.3 from a downwardly revised 107 in October, PayNet said.

Dec 23, 2012

Dock worker strike looms despite cooling-off period request

NEW YORK (Reuters) – Dock workers on the Atlantic and Gulf coasts moved closer to a potential strike next week even though Florida’s governor asked President Barack Obama to order a cooling-off period if the nearly 15,000 longshoremen walk off the job.

The International Longshoremen’s Association, the union representing the dock workers, and the U.S. Maritime Alliance, the group of shippers and port operators, have been bargaining since March, but reportedly remain far from a deal covering cargo handling at 15 ports on the U.S. Gulf and eastern coasts.

Dec 23, 2012

U.S. dock worker strike looms despite cooling-off period request

NEW YORK, Dec 23 (Reuters) – Dock workers on the U.S.
Atlantic and Gulf coasts moved closer to a potential strike next
week even though Florida’s governor asked President Barack Obama
to order a cooling-off period if the nearly 15,000 longshoremen
walk off the job.

The International Longshoremen’s Association, the union
representing the dock workers, and the U.S. Maritime Alliance,
the group of shippers and port operators, have been bargaining
since March, but reportedly remain far from a deal covering
cargo handling at 15 ports on the U.S. Gulf and eastern coasts.

Dec 7, 2012

Bond investors enjoy a sure thing – Fed buying

NEW YORK, Dec 7 (Reuters) – The Federal Reserve’s massive
bond-buying effort known as “Operation Twist” is coming to a
close. But the Fed’s dominance of the Treasury market is set to
continue, and it is that expectation that is most responsible
for lower yields.

U.S. bond yields have steadily been driven lower thanks to
the market presence of the Fed – which could intensify after the
central bank unveils its next round of bond-buying next week.