Ben Bernanke and his colleagues in the FOMC are meeting to decide on monetary policy and QE tapering is on the agenda. Will the Fed reduce the number of bond buys? If so, how much? Will it be accompanied by some kind of sweetener? And if tapering isn’t announced, will the Fed make it clear that tapering is due in the next meeting? Here are the possible scenarios for the decision and the expected market reactions. The FOMC statement and the accompanying FOMC economic projections are released on Wednesday, December 18th, at 19:00 GMT. Ben Bernanke begins his press conference at 19:30 GMT. Expectations There are good ... (full story)