Scoreboard: Fed exit

The US Fed's taper decision is looming... but just how quickly bond buying will wind down is still anyone's guess.

Well this week is it hopefully. The week where the US Federal Reserve belatedly starts unwinding quantitative easing (QE) – and correcting for the distortions it has introduced into the global economy. I say ‘hopefully’, because while most Federal Reserve watchers think a taper is a done deal this week, the Fed itself hasn’t been anywhere near as clear. So that certainty could not, of course, be garnered from any public commentary made from the Fed.

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