Impact of Government Shutdown on Important Economic Data
Besides the masses of government employees that would be put on furlough if a U.S. federal government shutdown occurs, and the potential market volatility caused by uncertainty over both the budget and over healthcare reform, one of the big problems of a federal government shutdown is that…
Taper Turns to Vapor – The Fed Backs Off Ending QE (video post)
At their September meeting, the Federal Reserve surprised markets by maintaining their program of monthly Treasury and agency MBS purchases. So the taper is again “on hold.” Our economist Robin Anderson looks at the Fed’s decision and examines what it means for the markets.