Just a matter of time now. Probably December. I think today's announcement was a way for the Fed to take a little air out of the market so that it does not crash when the actual tapering announcement does come. Sounds like they wanted to do it today but decided to ease the market into it the way that parents tell white lies to children so they don't scare them.
Another data point suggesting a December start to tapering is in the cards.
A run of stronger economic reports has sparked anxiety that the Fed may decide to begin tapering off its $85 billion of monthly asset purchases at a policy meeting on Dec. 18.
A private payrolls report Wednesday from ADP said that U.S. businesses did the most hiring in a year in November, adding 215,000 jobs. October's increase was also revised up to 184,000. The official data will be released Friday.
Hate to say I told you so but I told you so.
"NEW YORK (TheStreet) -- Once considered a long shot, tapering of the Federal Reserve's asset urchases in December seems to be gaining traction.
TheStreet's Jill Malandrino spoke to independent trader Ross Greenspan about this, and he said gold prices continue to struggle while equity prices are near all-time highs. But the biggest concern comes from interest rates, which are creeping higher.
Greenspan also suggested that it's hard for the Fed to justify not tapering at this point, as positive economic data continue to pour in each month. This week's third-quarter GDP revision and nonfarm payrolls report will have significant implications for investor sentiment towards a potential tapering announcement."
actually if they cannot announce tapering , that is for sure , they wanna play the game of taper in dec and then no taper in dec , seen like 10th time now like this, they are a sneaky snake for shorts
"actually if they cannot announce tapering , that is for sure , they wanna play the game of taper in dec and then no taper in dec , seen like 10th time now like this, they are a sneaky snake for shorts"
Idiot. Wrong again.
Everything is playing out just the way I expected as it relates to a December start of tapering. I can even hear the December taper drumbeat starting. Every day there is a new piece of news/data that all points to a December start of tapering. Only the blind (which describes 95% of the posters on this board) can not see the "writing on the wall".
The government consults with Psychiatrists before they release any numbers to evaluate how they will be perceived by the buy side. No release is made without considering the anticipated behavior of stock and bond market participants.