Just about everyone expects the Federal Reserve to announce a bond-buying program with the goal of stimulating the economy. But not many observers think it’s a good idea — and the chorus of critics is only getting louder.
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Former Fed Chairman Paul Volcker warns that more quantitative easing by the Federal Reserve will stoke inflation. “When money is too easy for too long, we will have more” asset bubbles, the 83-year-old Volcker said.
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In Asia on Tuesday, Hong Kong’s Hang Seng Index rose 0.1%, China’s Shanghai Composite inched down 0.3%. and in Japan, the Nikkei 225 crept up 0.1%. Investors are closely monitoring the U.S. midterm elections, with many predicti…
Among the day’s top online stories for investors: Is the stock market overvalued? How much money does a startup need to raise? And why Republicans could do better today than expected.
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It’s clear the U.S. economy is suffering from a lack of demand. So, this poor report will likely bolster Fed officials who want to keep interest rates low and employ more quantitative easing.
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