US Federal Reserve: The Third Round Of Quantitative Easing (QE3) Launched In September

Federal Reserve Brown Book Bibb Nanke's testimony is more optimistic: the US economic growth has steady signs.

The Federal Reserve released the brown peels book on Wednesday afternoon local time.

However, the growth rate of some parts of the region has stabilized, and the Federal Reserve's monetary policy conference in August is expected to remain unchanged.

Experts predict that the US Federal Reserve expects to discuss the US monetary policy in the second half of the year at the end of the conference on interest rates, so it is expected that the Federal Reserve will launch a third round of quantitative easing (QE3) with a scale of 10000 billion dollars, but the specific launch date may need to wait until September.

Unemployment in the US is still weak.

This brown book report supports the view of the Federal Reserve Chairman Bernanke in the Senate hearing that the United States lost kinetic energy in the first half of this year, and reiterates that the progress of solving the unemployment situation may be "slow and frustrating". If necessary, the Federal Reserve is ready to take further measures to support the recovery.

However, the Fed's report on the brown leather book has brought some optimism, including the "moderate to moderate" growth rate of the US economy in the early June and early 2012, mainly due to the cooling of retail sales and manufacturing activities in some areas.

Wang Liangxiang, senior vice president of DBS bank financial market, told reporters that the latest US real estate market data appeared to be mixed in June. Investors noticed the good side, that is, in June, the number of new housing developments in some states increased, which was regarded as a sign that the real estate market had bottomed out, and no attention was paid to the number of new housing estates in some states.

It is also possible to push QE3 after the election.

HSBC's global analysis suggests that the Fed will only be able to show signs of improvement in the labour market.

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It is reported that the Federal Reserve does not have another new employment report before the next meeting from July 30th to August 1st. But in the next September 12th ~13 monetary policy meeting, the Fed will have two monthly employment reports to consider.

HSBC predicts that the earliest action of the Fed will take place in September if necessary.

The analysis also believes that if the economic environment does not deteriorate further on the current basis,

It is very likely that the so-called QE3 will be introduced at the end of 2012 or early 2013.

Some highlights of Bernanke's question and answer session

About raising interest rates ahead of time:

"If we raise interest rates too early and cause the economy to slide into recession, this will not be good for people to get good returns on pensions and other investments."

On whether there will be a recession:

"At the moment, we do not think there will be a double dip recession.

We believe that the economy will continue to grow slowly.

We have said that we are ready to take action if necessary, so as to ensure that we continue to make progress in employment. "

The impact of fiscal cliff on recovery:

"Tax growth and spending cuts can jointly affect the gross domestic product of nearly 5 percentage points, and the impact on economic growth at the same time is extremely negative.

It is important to adopt a gradual approach plus long-term planning to solve sustainability problems. "