The recent FOMC meeting concluded with an expected tapering of QE3 by $10 billion. This was the fifth tapering for the Fed and as a result the current asset purchase shrinks to $35 billion a month. This news, however, seems…
As anticipated, the FOMC tapered again its asset purchase program, AKA QE3, from $55 billion a month to $45 billion a month. This is the fourth consecutive tapering decision, which first started back in the last FOMC meeting of 2013.…
As many had expected the FOMC decided to taper again its asset purchase program, AKA QE3, from $65 billion a month to $55 billion a month. This is the first major decision taken under new Chair Janet Yellen. This decision…
The minutes of the recent FOMC meeting were came out today. The minutes revealed that several members thought it was high time to taper QE3 back in the September meeting. In the end, all members sans one decided to maintain…
Following yesterday’s FOMC meeting, in which it was decided to maintain $85 billion a month asset purchase program. From the FOMC’s statement: “…the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its…
The FOMC concluded its two day meeting with the decision to keep its $85 billion a month asset purchase program unchanged. This means, the FOMC won’t start tapering this month. This news is likely to pull down the USD and…