Federal Reserve

PIMCO's co-CIO Bill Gross has hit out at US policymakers for introducing "devilish policy tools" to rebalance US debt, effectively "robbing savers."

Western bond market are pointing to the risks of resurgent inflation, although the Fed claims price pressures are not building rapidly, says Cazenove's Julie Dean.

ON THE US

The Federal Reserve has renewed its commitment to its $600bn asset purchase scheme, and has kept rates on hold, but upgraded its view of the US economy.

Germany, the strongest country in the eurozone, has vetoed any increase in the €440bn rescue package.

One advantage of using ETFs is their flexibility, says Morningstar's Jose Garcia-Zarate

The Federal Reserve may pump as much as $1trillion into the US economy in a third wave of quantitative easing, said Standard Life Investments' global investment strategist Richard Batty.

Lombard Odier's Stéphane Monier says EM's have to manage the rate at which they raise the value of their currencies, or else risk destabilising their economies.

CARTOON BEARS ON QE

Legg Mason's David Nelson believes the Fed's second round of quantitative easing should help drive US stocks higher -but not without risks