Wednesday, November 6, 2013

The FED keeps on track



The FED tells us that 'tapering' will be 'data-dependent' which leaves the door wide open for the Fed to taper before OR after the New Year.

Inflation is below 2%, which is great, but the unemployment rate remains higher than desired.

At this time there is no firm indication that tells us WHEN or HOW the Fed will taper.

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