As many expected, the Federal Reserve has decided to taper another $10 billion from its monthly bond-buying program. Wednesday’s decision follows the $10 billion reduction from last month and drops asset purchases down to $65 billion per month. Amid recent economic data, the Fed chose to continue their plan to exit monthly purchasing that initially…
Fed Says Tapering Could Happen ‘In Coming Months’
Highlighting the FOMC’s October meeting was talk about quantitative easing, which comes as no surprise. What may come as a surprise is that policy makers were pondering a date in which to begin tapering from its current $85 billion monthly rate, meaning tapering could happen sooner rather than later. Nine of 10 Fed members voted…
Weak Economy Halts Taper Talk
To nobody’s surprise, the Federal Open Market Committee will continue its monthly bond-buying program due to a weak economy. With the labor market reporting its lowest gains in six months, the FOMC statement said the economy has maintained the same “moderate” pace reported in September. As a result, the $85 billion-per-month in asset purchases will be…
Fed Puts Tapering Plans On Hold
Precious metals had been dipping for days, but on Wednesday, commodities, stocks and bonds began to rally after the Federal Reserve’s decision to continue its $85 billion bond-buying program. With the economy improving slower than the Fed had hoped, policymakers voted to continue monthly purchases until progress of the economy could be sustained. Back in…
Tapering Still Planned for 2013
July saw another meeting for the Federal Reserve and talks of quantitative easing (QE3) continued to be the focus. When the June minutes were released, members of the Federal Open Market Committee (FOMC) were split on the idea of tapering stimulus by the end of the year. Judging by Wednesday’s release of the July 30-31…
June FOMC Minutes: Tapering Still Dependent on Job Gains, Economic Outlook
Just three weeks ago stocks and commodities were sent spiraling downward after the Federal Open Market Committee (FOMC) released their economic forecast and U.S. Fed Chairman Ben Bernanke spoke about the tapering of assets becoming a reality by the end of the year. Fast forward to the release of the Fed’s June meeting minutes today…
