St Louis Home Mortgage and Loan: Federal Reserve Did Not Help Economy
St Louis Mortgage and Real Estate News –
St Louis Finance Lending and Loan Reduction News: Surprising Financial Turn as Federal Reserve's Policy Helped Stocks And Not Economy
St Louis Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate
According to a CNBC Fed Survey in December, the Federal Reserve’s policy to purchase $600 billion of bonds in a program widely known as QE2 has been mostly ineffective at lowering interest rates and will do little to improve the unemployment rate.
The survey of 76 economists, bond and stock traders, and analysts, found about 62 percent saying the Fed’s program has been ineffective at lowering interest rates.
A similar percentage believes the
program will not help lower the unemployment rate.
But respondents to the survey say the Federal Reserve's program has played an important part in raising stock and commodity prices.
In fact, nearly three-quarters of the group say the Fed’s bond purchase program has helped raise stock prices, while 63 percent see it as a reason why commodity prices are higher.
The Federal Reserve has been the subject of strong criticism since launching its QE2 program in November.
Fed Chairman Ben Bernanke suggested it was a way to lower interest rates and unemployment.
Since November, however, yields on treasuries have risen by nearly a percentage point.
Asked the reason for the increase in yields, 62 percent of the survey respondents said the main reason was a stronger growth outlook.
Their next choice was a worsening outlook for the deficit, likely the result of the recent tax compromise in Washington, followed by a rise in the inflation forecast.
"The economy is strengthening and the extension of the Bush tax cuts for all taxpayers is playing a more important role in boosting growth expectations than QE2 is," says RDQ Economics chief economist John Ryding.
Overall, 71 percent believe the Fed will follow through and purchase the entire $600 billion of Treasuries announced in November.
Twenty-one percent believe the Fed will do less than that amount, and 8 percent think the Fed will do more.
As for QE3, 42 percent of market participants think there is a chance the Fed will continue to increase the size of its portfolio after June 2011.
On average, those who believe in QE3 look for the Fed to add an additional $340 billion in purchases.
But Mark Zandi, Chief Economist at Moody's Analytics, disagrees, saying, "The passage of the tax cut deal significantly improves the economy's prospects in 2011 and reduces the need for any additional QE."
Add it all up, and 41 percent of survey participants give Fed Chairman Ben Bernanke a "B" grade and 27 percent give him an "A."
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Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.
Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.
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