We don’t think the balanced discussion that took place at the FOMC meeting in mid-June means that the Fed is less likely to slow the pace of its monthly asset purchases sooner rather than later. In fact, the stronger news on employment released since the meeting means that if the Fed were to reconvene today, a majority would probably favour tapering QE3 earlier.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.