It is unlikely Federal Reserve Chairman Ben Bernanke — set to speak Friday from Jackson Hole, Wyo. — will relieve the struggling credit markets with language prophesying a third round of quantitative easing.
That's not to suggest QE3 isn't coming. Jim Vogel of FTN Financial puts the chance of future economic stimulus around 50%.
Paul Dales, U.S. economist at Capital Economics, said any such intervention in the secondary market would have a limited impact.Read More