- Expectations of tapering will rise as labour market continues to show cumulative improvement
- Fed wants to be assured that any progress in labour market will be lasting
- Unemployment and and payrolls have clearly improved but other labour data has not
- FOMC decisions are dependant on data
- Forward guidance and asset buying separate tools but market sees them closely linked creating challenges for Fed
Блог annatimone
Fed Bullard: Small taper would still leave very stimulative policy
Fed says it will await more evidence before QE taper
Highlights of the October 30, 2013 Federal Reserve’s FOMC statement:
- Fed funds rate held at 0-0.25%, as expected
- Monthly bond purchases remain at $85 billion/month, as expected
- No change to forward guidance on interest rates
- Fed says data since Sept meeting generally suggests economy continued to expand at a moderate pace
- Repeats that downside risks to the outlook have diminished on net since last Fall