Markets interpreted ‘fairly soon’ as such that the Fed will announce QE3 at its September 13 meeting. Aside from it being a typical knee-jerk reaction of ‘act now, ask questions later’, there are three reasons why the Fed may not announce QE3 this month:
http://www.cityindex.co.uk/market-analysis/market-news/54392012/onto-jackson-hole-beyond/
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