Description
Summary results of CNBC's Federal Reserve Survey, released on Monday, October 11, 2010. According to the exclusive survey, market participants are now virtually certain the Federal Reserve will announce a resumption of buying assets at the conclusion of its November meeting and do so in a sizable way.
CNBC Federal Reserve Survey - October 2010
1. Do you believe the Federal Reserve will begin a resumption of quantitative easing (asset purchases) that would increase the size of its portfolio?
Response Percent Yes No Not sure 92.9% 4.3% 2.9% answered question skipped question Response Count 65 3 2 70 5
2. Do you think the Fed is more likely to announce:
Response Percent A single large asset purchase target (as it did in 2009) An incremental target, such as monthly or quarterly Not sure Response Count
12.3%
8
83.1%
54
4.6% answered question skipped question
3 65 10
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3. When do you think the Federal Reserve will announce additional quantitative easing?
Response Percent October, 2010 November, 2010 December, 2010 January, 2011 February, 2011 March, 2011 or later Not sure 1.5% 86.2% 9.2% 0.0% 0.0% 0.0% 3.1% answered question skipped question Response Count 1 56 6 0 0 0 2 65 10
4. What is the size of the asset purchase you believe the Fed will announce at the conclusion of its meeting on November 3? Please respond to this question with a whole number in billions of dollars. Please do not include a dollar sign, any commas, or a decimal place. For example, $2.5 trillion would be entered as 2500 in the response box.
Response Average Billions of dollars: 490.49 answered question skipped question Response Count 51 51 24
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5. What do you expect the size of the Fed's portfolio to be on Feb. 1, 2011?
Response Average In billions of dollars: 2,387.30 answered question skipped question Response Count 66 66 9
6. What do you expect the size of the Fed's portfolio to be on August 1, 2011?
Response Average In billions of dollars: 2,613.94 answered question skipped question Response Count 66 66 9
7. What do you expect the size of the Fed's portfolio to be on November 1, 2011?
Response Average In billions of dollars: 2,638.69 answered question skipped question Response Count 67 67 8
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8. How effective do you believe additional Federal Reserve purchases of assets will be in lowering interest rates?
Response Percent Very effective Somewhat effective Mostly ineffective Totally ineffective Unsure 6.0% 50.7% 37.3% 4.5% 1.5% answered question skipped question Response Count 4 34 25 3 1 67 8
9. Target a specific market interest rate?
Response Percent Yes No Not Sure 11.9% 73.1% 14.9% answered question skipped question Response Count 8 49 10 67 8
10. Lower the interest rate on excess reserves?
Response Percent Yes No Not Sure 37.3% 47.8% 14.9% answered question skipped question Response Count 25 32 10 67 8
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11. Raise its inflation target from the current presumed level of 2%?
Response Percent Yes No Not Sure 19.7% 65.2% 15.2% answered question skipped question Response Count 13 43 10 66 9
12. What is your primary area of interest?
Response Percent Economics Equities Fixed Income Currencies Other 52.2% 29.9% 16.4% 1.5% 0.0% answered question skipped question Response Count 35 20 11 1 0 67 8
13. May we use your responses to the above questions with your name on CNBC television or CNBC.com?
Response Percent Yes No 71.2% 28.8% answered question skipped question Response Count 47 19 66 9
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14. Do you have any comments we may use with your name on CNBC television or CNBC.com ? If so, please include them here:
Response Count 37 answered question skipped question 37 38
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doc_800622728.pdf
Summary results of CNBC's Federal Reserve Survey, released on Monday, October 11, 2010. According to the exclusive survey, market participants are now virtually certain the Federal Reserve will announce a resumption of buying assets at the conclusion of its November meeting and do so in a sizable way.
CNBC Federal Reserve Survey - October 2010
1. Do you believe the Federal Reserve will begin a resumption of quantitative easing (asset purchases) that would increase the size of its portfolio?
Response Percent Yes No Not sure 92.9% 4.3% 2.9% answered question skipped question Response Count 65 3 2 70 5
2. Do you think the Fed is more likely to announce:
Response Percent A single large asset purchase target (as it did in 2009) An incremental target, such as monthly or quarterly Not sure Response Count
12.3%
8
83.1%
54
4.6% answered question skipped question
3 65 10
1 of 6
3. When do you think the Federal Reserve will announce additional quantitative easing?
Response Percent October, 2010 November, 2010 December, 2010 January, 2011 February, 2011 March, 2011 or later Not sure 1.5% 86.2% 9.2% 0.0% 0.0% 0.0% 3.1% answered question skipped question Response Count 1 56 6 0 0 0 2 65 10
4. What is the size of the asset purchase you believe the Fed will announce at the conclusion of its meeting on November 3? Please respond to this question with a whole number in billions of dollars. Please do not include a dollar sign, any commas, or a decimal place. For example, $2.5 trillion would be entered as 2500 in the response box.
Response Average Billions of dollars: 490.49 answered question skipped question Response Count 51 51 24
2 of 6
5. What do you expect the size of the Fed's portfolio to be on Feb. 1, 2011?
Response Average In billions of dollars: 2,387.30 answered question skipped question Response Count 66 66 9
6. What do you expect the size of the Fed's portfolio to be on August 1, 2011?
Response Average In billions of dollars: 2,613.94 answered question skipped question Response Count 66 66 9
7. What do you expect the size of the Fed's portfolio to be on November 1, 2011?
Response Average In billions of dollars: 2,638.69 answered question skipped question Response Count 67 67 8
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8. How effective do you believe additional Federal Reserve purchases of assets will be in lowering interest rates?
Response Percent Very effective Somewhat effective Mostly ineffective Totally ineffective Unsure 6.0% 50.7% 37.3% 4.5% 1.5% answered question skipped question Response Count 4 34 25 3 1 67 8
9. Target a specific market interest rate?
Response Percent Yes No Not Sure 11.9% 73.1% 14.9% answered question skipped question Response Count 8 49 10 67 8
10. Lower the interest rate on excess reserves?
Response Percent Yes No Not Sure 37.3% 47.8% 14.9% answered question skipped question Response Count 25 32 10 67 8
4 of 6
11. Raise its inflation target from the current presumed level of 2%?
Response Percent Yes No Not Sure 19.7% 65.2% 15.2% answered question skipped question Response Count 13 43 10 66 9
12. What is your primary area of interest?
Response Percent Economics Equities Fixed Income Currencies Other 52.2% 29.9% 16.4% 1.5% 0.0% answered question skipped question Response Count 35 20 11 1 0 67 8
13. May we use your responses to the above questions with your name on CNBC television or CNBC.com?
Response Percent Yes No 71.2% 28.8% answered question skipped question Response Count 47 19 66 9
5 of 6
14. Do you have any comments we may use with your name on CNBC television or CNBC.com ? If so, please include them here:
Response Count 37 answered question skipped question 37 38
6 of 6
doc_800622728.pdf