US FOMC - No tapering yet | I3investor

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US FOMC - No tapering yet

StockFanatic

Publish date: Thu, 19 Sep 2013, 03:27 PM

The Fed delivered a positive surprise by keeping the status quo on its QE programme amid broad-based moderate economic improvement, in contrast to market expectations of a tapering announcement. While this move provides some temporary respite for the market, it will lead to prolonged market uncertainty as investors recalibrate expectations towards a tapering announcement during the next two FOMC meetings on 28-29 Oct and 16-17 Dec. Adding to the uncertainty are the upcoming budget and debt-ceiling battles in Oct.

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