There's little rain on the Fed's taper parade

As the Fed forges ahead on its tapering script, emerging market turbulence and an inability to extend unemployment insurance in the US are the only things that may prompt a rethink.

Despite a tumultuous week on markets, the Federal Reserve decided to continue to taper its asset purchasing program at their January 28-29 meeting. The end of chairman Ben Bernanke’s reign resulted in asset purchases falling another $US10 billion to $US65 billion per month.


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