Dealers Say No End to QE in ’13; Hatzius Sees 2016 Rate Rise - Bloomberg

Dealers Say No End to QE in ’13; Hatzius Sees 2016 Rate Rise - Bloomberg

Of the 21 primary dealers that trade with the central bank, 14 said in a Bloomberg News survey that the Fed won’t start to reduce its $85 billion monthly bond buying until the last three months of 2013. Twelve forecast they will end in mid-2014 or later. Fifteen say it will take until at least June 2015 for policy makers to raise the record low benchmark interest rate target of zero to 0.25 percent. Goldman Sachs Group Inc. chief economist Jan Hatzius sees no increase before January 2016.