SCOREBOARD: Dazed and confused

Markets took a dual hit as another US Fed president commented on a possible QE reduction, and the OECD cut Chinese and US growth forecasts.

He says, she says. This is a joke. Boston Fed President Eric Rosengren’s comments that it would be appropriate to consider a modest reduction in quantitative easing if the labour market continues to improve over coming months seems to have weighed heavily on markets according to some reports. I doubt it’s the key factor, but obviously it doesn’t help stimulus addicted markets.

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