The Federal Reserve is strongly considering QE3. Quite frankly, I could see this happening in the next meeting because of the problems in Europe and they are releasing their new communications strategy with forecasts and what-not. Personally, if it didn't work the first two times, why try it a third?
By the way, we've opened a new Federal Reserve section to the website and we will be upgrading/adding charts and data over the next few weeks. Stay tuned for more details...
