Tuesday, March 13, 2012
By Steven Russolillo
Fed officials are prepared to hold the March policy meeting tomorrow. Don’t expect any fireworks, according to economists at Bank of America Merrill Lynch.
No major policy changes are expected in tomorrow’s FOMC statement, although discussions about the U.S. economy should offer clues on what the Fed is prepared to do next.
Plenty of attention has centered around whether the Fed has more tricks up its sleeve. ”Sterilized” bond buying is potentially an option, if the central bank chooses to step in again and boost the economy.
That said, nothing is likely to change until “Operation Twist comes to an end in June, BofA Merrill says.
“QE3 is not a guarantee, as we would expect the Fed to ease further only if growth drops below trend, inflation undershoots their target and possibly the equity market sells off,” says Michael Hanson, U.S. economist at BofA Merill.
Clarke and Dawe explain Quantitative Easing:
A SECRET squadron of Australian SAS soldiers has been operating at large in Africa, performing work normally done by spies, in an unannounced and possibly dangerous expansion of Australia's foreign military engagement.
The deployment of the SAS's 4 Squadron - the existence of which has never been publicly confirmed - has put the special forces unit at the outer reaches of Australian and international law.
The Herald has confirmed that troopers from the squadron have mounted dozens of secret operations during the past year in various African nations, including Zimbabwe, Nigeria and Kenya.
Read more: http://www.smh.com.au/national/secret-sas-teams-hunt-for-terrorists-20120312-1uwhy.html#ixzz1owieVs6s