U.S. markets close in 2 hours 10 minutes
  • S&P 500

    4,229.96
    +19.72 (+0.47%)
     
  • Dow 30

    33,479.11
    +169.60 (+0.51%)
     
  • Nasdaq

    12,865.01
    +10.21 (+0.08%)
     
  • Russell 2000

    1,984.94
    +15.70 (+0.80%)
     
  • Crude Oil

    94.44
    +2.51 (+2.73%)
     
  • Gold

    1,805.70
    -8.00 (-0.44%)
     
  • Silver

    20.30
    -0.45 (-2.16%)
     
  • EUR/USD

    1.0323
    +0.0021 (+0.21%)
     
  • 10-Yr Bond

    2.8690
    +0.0830 (+2.98%)
     
  • GBP/USD

    1.2205
    -0.0013 (-0.11%)
     
  • USD/JPY

    132.9540
    +0.0810 (+0.06%)
     
  • BTC-USD

    24,383.20
    +448.70 (+1.87%)
     
  • CMC Crypto 200

    577.31
    +2.57 (+0.45%)
     
  • FTSE 100

    7,465.91
    -41.20 (-0.55%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

A Complete History Of Quantitative Easing In One Chart

Quantitative easing
Quantitative easing

Goldman Sachs Global Investment Research

This chart illustrates the complete history of the Federal Reserve's quantitative easing program, along with the Goldman Sachs forecast for how "QE3" will be wound down.

"The January FOMC should be fairly uneventful, following significant policy changes made at the prior meeting," writes Goldman economist Kris Dawsey in a preview of next week's monetary policy decision.

"The FOMC will likely continue to taper the pace of its asset purchases by a further $10 billion — split equally between Treasuries and mortgage-backed securities — as hinted at in Chairman Bernanke’s press conference following the December meeting. While the Committee has taken pains to note that the path of asset purchases is 'not on a preset course,' a substantial change in the outlook would likely be required for the Fed to either pause or accelerate the gradual pace of tapering started at the last meeting. We think this relatively high bar has not been met, some weaker recent data notwithstanding. Based on a roughly $10 billion per meeting tapering schedule, the last QE3 purchases should occur in October 2014."



More From Business Insider