Global markets may set a slower pace this week, while the federal budget looks to be making room for big election spending.

There wasn’t a great deal of news out on Friday. There was some more talk about the end of QE and the Fed has apparently mapped out its strategy to unwind QE. What was missing here was any talk of timing. That’s what matters and the Fed’s latest communications reveal there are some voters wanting to increase purchases, not cut them.  


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