Will the Fed hint about a future reduction of bond buys? This is the main question for the highly anticipated statement that will be released by the FOMC. Speculation about such a move has had a tremendous impact on stocks, commodities and the US dollar. It is important to remember that tapering does mean tightening – it only means that the Fed will buy less than the current $85 billion of treasuries and MBS. The balance sheet will still expand. Nevertheless, seeing a change in the near future will be considered tightening, and is expected to have a negative impact on stocks and commodities, and a positive impact on ... (full story)