January FOMC Meeting Minutes (Video Blog)
The minutes from last month’s FOMC meeting just came out this morning (February 20th). Here are some of my thoughts on the release.
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…