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For Fed Taper, Forget When It Starts. It’s the End That Matters

From bnnbloomberg.ca

These days, all the talk in financial markets is about when the Federal Reserve will start paring its debt purchases. What’s more important, for everything from stocks to bonds to currencies, is when they will end. There have been few major moves ahead of the Kansas City Federal Reserve Bank’s virtual Jackson Hole symposium, where Chair Jerome Powell on Friday may provide insight into how and when officials will start pulling back its bond market support. That will set the timetable for how soon the Fed will raise interest rates. The stakes are high, with the gusher of cash awash in the financial system driving U.S. ... (full story)

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  • Category: Fundamental Analysis