Salient to Investors:
Fifty-eight percent of economists polled by Bloomberg expect the Fed to expand Operation Twist today. Sixty percent said the Fed won’t start QE3.
Josh Feinman of DB Advisors says extending Operation Twist is the path of least resistance. Stuart Hoffman of PNC Financial Services Group says the economy needs monetary stimulus, though QE3 is a bridge too far. Diane Swonk at Mesirow Financial says there is too much uncertainty not to extend Operation Twist.