The Latest On QE3 And The Language We'll See At The Next Fed Meeting

Joe Weisenthal

QE3 is not coming at the next meeting, and it's not clear at all if/when it will be here
That's according to the WSJ's Jon Hilsenrath, who is always really plugged in on these things.

Fed officials meeting next week are unlikely to take any new actions to spur the recovery, and they are likely to emerge with a slightly more upbeat—but still very guarded—assessment of the economy's performance. This comes after a series of moves in recent months, including recasting its securities portfolio in January as a way to spur growth. Then the central bank signaled in January that short-term interest rates are likely to stay near zero through most of 2014.

Meanwhile, Citi's FX guy Steven Englander expects serious volatility in the wake of the announcement, as investors read into every word.

Read more: http://www.businessinsider.com/the-latest-on-qe3-and-the-language-well-see-at-the-next-fed-meeting-2012-3#ixzz1oF3thd92