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News That Matters Next Week
The uncertainty about when the Fed will begin tapering its programme of asset purchases has increased volatility, both pushing and pulling on global financial markets. “at this juncture, the markets are more concerned about tapering than about weak [US and global] growth,” says MIG Bank’s Chief Economist, Luciano Jannelli. And Kit Juckes, an economist at Societe Generale says “there is absolutely no unanimity of opinion about when, how fast or even if the Fed will slow bond purchases. The consensus is that [Fed Chairman] Ben Bernanke flew a trial balloon to test the mood, and that he probably wasn’t unhappy ... (full story)