Global investors doubt the Federal ReserveÃ¢â‚¬â„¢s plan to buy more Treasury securities will boost the U.S. economy or bring down unemployment and say they believe the government is pursuing a weak-dollar policy, a poll shows.
Three-quarters of those surveyed say the central bankÃ¢â‚¬â„¢s securities purchases — or quantitative easing — will have little or no effect on joblessness, according to the latest quarterly Bloomberg Global Poll of 1,030 investors, analysts and traders who are Bloomberg subscribers. More than half say the FedÃ¢â‚¬â„¢s action wonÃ¢â‚¬â„¢t increase U.S. growth over the next year.
Lower unemployment Ã¢â‚¬Å“is a long way off,Ã¢â‚¬Â Jonathan Mackay, a poll participant and senior fixed-income strategist for Morgan Stanley Smith Barney LLC in New York, said in an e-mail.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.