Scoreboard: Fuzzy Fed

Wall Street slumped after Fed minutes failed to give clarity on a taper, but the bond market seems to be pricing one in amid strong data.

Well there was no additional guidance from the Fed’s minutes as to when this long-expected taper will occur – although the ‘market’ seems to disagree as there were some big moves afterwards. On paper, the committee simply noted that a taper might occur in “coming months” if the economy unfolds as expected.

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