View full page at forexfactory.com

 

The market is getting the Fed all wrong: Nomura

From cnbc.com

Stocks and bonds dipped after Wednesday's Federal Reserve statement, as investors seemed to think a December taper now looks more likely. But George Goncalves, the head of U.S. rates strategy at Nomura, says the market is overreacting, and that the Federal Reserve will continue its $85 billion asset-purchasing program at least into 2014. "The knee-jerk reaction that we saw yesterday in the equity market and the bond market, and the follow-through today with what's going on with the dollar and currency markets in general" is "really more of a buying opportunity," Goncalves said on Thursday's "Futures Now." The ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News