US Fed maintains the suspense on taper timing

Despite better than expected second quarter US economic growth, the US Federal Reserve has refused to detail when it would start winding back its stimulus.

After all the hoopla and eager anticipation about America’s economic growth figures, the US Federal Reserve once again has left financial and commodity markets bewildered.

Most pundits were expecting a timetable or at least an indication of when the central bank would begin winding back its unprecedented $US85 billon a month stimulus program, with many anticipating a tapering as early as next month.

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