Fed Won't Stop Easing Until 2014

The U.S. will not end its quantitative easing program before 2014, according to Christian Menegatti, managing director of research at Roubini Global Economics. Menegatti, who works alongside well-known economist Nouriel Roubini , said quantitative easing will continue throughout 2013 and an interest rate cut will not be on the cards until 2015. The U.S. central bank has kept benchmark interest rates close to zero since 2009 and has tried to stimulate the economy also through three rounds of quantitative easing, or bond purchases. The third round was implemented in September last year, known as QE3. "We are talking about 2014, in terms of winding down quantitative easing. We'll have to wait much longer for rate hikes ... well into 2015 and maybe towards the end of it," said Menegatti. - via CNBC