Disliked{quote} dude US GDP growth was above 2% and for them to still be predicting a 3% growth, thats still good news for the USD... even if they revised it lower.... taper is gona happen and buddy, be careful after FOMC the data came out of US good again..... so October -December taper is still on the tables.... dont discount it... thats why market dont trust the FOMC decision... we can see MARKET fading away the FOMC decision... and its gona possibly close that gap from a week ago.... Also you're mistakening... Tapering has nothing to do with Interest...Ignored
"In fresh quarterly forecasts, the Fed cut its forecast for 2013 economic growth to a 2.0 percent to 2.3 percent range from a June estimate of 2.3 percent to 2.6 percent. The downgrade for 2014 was even sharper."
From here: http://www.reuters.com/article/2013/...98G1D620130918
Growth will be <2.0% anyway. Watch Q3 GDP closely, I expect a pretty big disappointment.
I'm fully aware tapering doesn't raise the interest rate. But the 10yr rate reacts very quickly to US news both positive and negative. Mortgage rate is up over 4.5% after being at 3.75% this summer. Not exactly helping home sales.
So yeah, tapering DOES have to do with interest rates but not directly. Just like GDP will effectively influence the 10yr rate also.