10:14 EDT - Disappointing retail sales offer the latest evidence for
those betting on more stimulus from the Fed, but Stephen Stanley at
Pierpont Securities contends the bar remains high for new actions. The
high-profile Fed watcher notes that across the hawk-dove spectrum, the
perceived value of such steps has diminished greatly. "Thus, the odds
don't need to change much every time a new data point is revealed."
For now, Stanley still sees 60% odds the FOMC will stand pat next week
but promise to be on heightened alert, with a 40% chance of Operation
Twist being extended. (min.zeng@dowjones.com)
(END) Dow Jones Newswires
June 13, 2012 10:14 ET (14:14 GMT)
No comments:
Post a Comment