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Posts tagged ‘fed funds’

Tapering, Treasury Rates, and a Series of Steps



On December 18, 2013 the Federal Open Market Committee (FOMC) announced they’d taper their massive bond-buying program by US$10 billion per month beginning in January 2014.  While market participants and analysts had long obsessed over if and when taper would begin, market interest rates had…

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What the Fed Said, or, What You Heard Isn’t What I Meant



I know you think you understand what you thought I said, but I’m not sure you realize that what you heard is not what I meant. Alan Greenspan said it, but it certainly captures what current Fed chairman, Ben Bernanke, has to be thinking. In his efforts to be open and transparent, Bernanke has…

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