The most consistently reliable economist, Jim O'Sullivan, Chief US Economist at High Frequency Economics, gives his take on the Fed and the economy.
As the nation – and the world – awaits the latest decision from the Federal Open Market Committee meeting Wednesday afternoon, one economist says investors probably shouldn't expect much.
Jim O'Sullivan, Chief US Economist at High Frequency Economics, has been the most consistently reliable economist over the last ten years, according to MarketWatch. He expects that the Federal Reserve Bank will hold off on tapering its $85 billion monthly stimulus this month but will definitely begin winding it down starting in January.
But, O'Sullivan believes there's an alternative route the Fed could take. "They could go halfway in the sense that they could effectively preannounce the move conditional upon more of the same in terms of the data," says O'Sullivan. "Certainly the labor market numbersRead More »from Why you need not fear the Fed taper: Top economist