After QE3 Ends: Can stocks keep their momentum once the Federal Reserve quits easing?
“Easing without end” will finally end. According to its June policy meeting minutes, the Federal Reserve plans to wrap up QE3 this fall. Barring economic turbulence, the central bank’s ongoing stimulus effort will conclude on schedule, with a last $15 billion cut to zero being authorized at the October 28-29 Federal Open Market Committee meeting.1,2 So when might the Fed start tightening? As the Fed has pledged to keep short-term interest rates near zero for[…]