The question of when the Federal Reserve will in fact start winding back QE3 and the consequences of that action continue to dominate the offerings of the Australian business commentariat. There’s a pretty good reason why. Since the global financial crisis the world’s largest economy has been beholden to unconventional monetary policy that’s finally being unwound by Fed boss Ben Bernanke.
For years we’ve wondered how strong the US economy is on its own two feet. At long last, we’re about to find out.