{"id":1004079565,"date":"2013-07-03T10:15:20","date_gmt":"2013-07-03T18:15:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004079565"},"modified":"2022-12-05T02:37:34","modified_gmt":"2022-12-05T10:37:34","slug":"what-is-better-than-almost-free-money","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/what-is-better-than-almost-free-money\/","title":{"rendered":"What Is Better Than (Almost) Free Money?"},"content":{"rendered":"

By Robert Bach, National Director of Market Analytics, Newmark Grubb Knight Frank<\/em><\/p>\n

\"Bob<\/a><\/p>\n

The Federal Reserve hopes the answer to that question is stronger economic growth. Following the recent meeting of the Federal Open Market Committee, Chairman Bernanke stated that the central bank may begin tapering its $85 billion in monthly bond purchases, known as quantitative easing, later this year, which triggered a broad selloff of stocks, bonds and commodities as investors reacted (overreacted?) to the prospect of rising interest rates.<\/p>\n

Additionally the Fed released its quarterly economic forecast, helping to explain why it thinks the economy soon will be strong enough to withstand less monetary stimulus. The forecast includes projections of GDP, unemployment and inflation by the Fed\u2019s 19 governors and regional presidents. The projections show the range of responses and the central tendencies, which exclude the three highest and three lowest projections for each variable in a year. Key points regarding the central tendencies in the forecast:<\/p>\n

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