Saturday, December 14, 2013

The Case For A December Taper Just Got A Whole Lot Stronger, Chances Are Now Above 50 Percent!

“It’s still a close call,  but chances are now above 50 percent that the Federal Reserve will modestly reduce its asset purchases later this month,” said Potomac Research Group’s Greg Valliere who was communicating the analysis of former Fed Vice Chair Don Kohn. “There’s a 60-40 chance that the FOMC will decide on Dec. 18 to begin tapering.”
“The final piece of the puzzle may have been yesterday’s solid retail sales data, a sign that the recent improvement in the labor market may finally be producing stronger spending,” he added. “Agreement on a budget deal, eliminating a major source of uncertainty, is another factor supporting a December taper.”
REALIST NEWS – I do not believe Quantitative Easing will continue much longer

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