11/20/2013

The long-awaited tapering in the U.S. Federal Reserve's bond-buying program may be only months away as economic data continue to reveal improvement in the nation's economy, according to minutes of Fed policymakers' last meeting. Although the minutes also showed a preference for keeping interest rates near zero, "it sounds like they're moving closer to tapering," said Sam Coffin, an economist at UBS Securities in New York. "There's a lot more focus on their forward guidance, and a lot of that is because if they're moving closer to tapering they want to signal they'll stay easy after the tapering has begun."

Full Story:
Bloomberg

Related Summaries