Why the Timing of the Fed’s Tapering Really Doesn’t Matter
The month of September has been quite impressive in spite of what the historical records were suggesting could happen. Everyone is clearly anxious to hear what the Federal Reserve will say at its two-day Federal Open Market Committee (FOMC) meeting ending on Wednesday and whether Ben Bernanke will begin to taper the Federal Reserve’s bond buying.
My feeling is that no matter if it’s Wednesday or October or even December, the Federal Reserve will soon start to ease back on the throttle and begin the process of reducing the easy money that’s being pumped into the U.S. economy. Why the Federal Reserve meeting has turned out to be such an event is surprising.
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