Signs that the economy was building up momentum led to this week’s
decision by the Federal Reserve to trim its monetary stimulus effort.
Friday’s final third-quarter GDP numbers told us just how strong that
When the Federal Reserve’s Open Markets Committee meets in Washington on
Tuesday and Wednesday, markets will be looking for an answer to that
question: Will the Fed finally begin the long-awaited taper of its $85
billion monthly bond purchases, or will action be delayed until early
For months, the Federal Reserve has been waiting for a sign that it’s
safe to start scaling back its monetary support of the U.S. economy. We
think that signal may have come with this week’s release of
better-than-expected economic numbers.