“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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