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Washington budget battle may delay Fed taper until 2014
The Federal Reserve may have to wait until early next year before it sees sufficient strength in the U.S. economy to begin scaling back its bond-buying stimulus, after a destructive Washington budget battle that may take a bite out of growth. Complicating the Fed's task, a 16-day government shutdown choked off the flow of much of the economic data on which it relies and could undermine the quality of the reports covering October. Lawmakers voted on Wednesday to end the shutdown and lift the U.S. debt limit, averting a potential default that many economists had warned could tip the United States back into another ... (full story)
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