Market Review and Trends
New Fed Chairperson Yellen – signals that Tapering will continue and likely end by fall…..
By Kevin Scully-Financial Blog  •  February 28, 2014
New Fed Chairperson Yellen - signals that Tapering will continue and likely end by fall..... Friday, 28 February, 2014  8:30 AM Posted by Kevin Scully In her testimony to the US Senate Banking Commitee, Fed Chairperson Yellen indicated overnight that "Tapering" or the trimming or reduction in the Fed's bond buying program will continue and likely end by the fall.   This was despite recent soft economic data which many including US regulators have attributed to unusual weather.  This same weather actually caused the postponement of her testimony to the Senate. She expressed the view that although US unemployment was far from a satisfactory level it was improving.  The latest unemployment rate data shows the figure at 6.6%.  On the economy, she expects the US economy to continue to expand at a moderate rate in 2014. Comment: Nothing new here.  The start of Tapering and the ending of ...
...
Read the full article
By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance