With Fed Tapering, It’s Not Just What They Say, But How They Say It
Tapering is coming. And markets know it. The mere thought that tapering of the Federal Reserve’s quantitative easing (QE) program was due in September was enough to push many markets and currencies (especially emerging markets) significantly lower. So the question arises for the occasion of the…
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.