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The 'Septaper' is coming: Deal!
Psst. The Federal Reserve is probably going to start pulling back on quantitative easing next month. Pass it on. Say what you want about the Fed under Ben Bernanke. But this push for greater transparency has made it a lot easier to predict what the central bank will do and when. In what's shaping up to be yet another painfully telegraphed move, the Fed is likely to announce at the conclusion of its next meeting on September 18 that it will start to slow, or taper, the pace of its asset purchases. Even some of the more dovish (i.e. those more inclined to keep rates ultra-low) Fed members are hinting that the taper is ... (full story)
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