Hedging QE3 bets, 52% say Fed won't act after allSeptember 11, 2012: 11:24 AM ET
This week's Federal Reserve meeting is front and center, with many still on the fence about whether or not the central bank will announce any new stimulus measures.
More specifically, investors have remained divided about a third round of bond buying, or quantitative easing, by the central bank.
A little more than half (52%) of the 13,000 respondents to a CNNMoney poll say they don't think the Fed will announce so-called QE3 when it wraps up its two-day meeting Thursday afternoon.
That's similar to what a lot of market strategists and economists have been saying. By and large, they think the Fed will probably announce some form of stimulus. But they pretty overwhelmingly don't think the market actually needs it.
QE3 hopes were raised over the past two weeks -- first by Fed chief Ben Bernanke's Jackson Hole speech, where he laid out his case for more stimulus. And last week's disappointing jobs numbers raised the stakes even higher.
But with the November election right around the corner and worries about the U.S. economy falling off the fiscal cliff, many are starting to hedge their bets.
As the 'will they or won't they' debate rages on, investors are unwilling to make any big moves in markets around the world. Stocks in Europe and Asia were mixed in a narrow range Tuesday. In the United States, investors were also loathe to place any big bets, with stocks holding onto modest gains.