Scoreboard: Taper tie-up

Markets and the Australian dollar soared on the surprise Fed decision to hold off on a taper – which could stay in play until next year.

Turns out the absolute certainty — ‘the taper is done and dusted this week’ — was less the Federal Reserve private briefing and more just posturing by some commentators. As I mentioned on Monday, the actual data flow (well the Fed’s interpretation of it) and Fed’s public rhetoric always made for a high probability it wouldn’t taper at this meeting. Indeed the Fed did decide instead to ‘await more evidence that progress will be sustained before adjusting the pace of its purchases.’  

And didn’t markets love it.  

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles