Remember, Remember, the Third of November
On November 3, the Federal Reserve Bank announced it will begin tapering bond purchases later this month – reducing monthly Treasury purchases by $10B and mortgage-backed securities by $5B. While the news may spark a few fireworks in the media, it represents merely the first of what may be many well-telegraphed Fed moves to pull back on its...
On November 3, the Federal Reserve Bank announced it will begin tapering bond purchases later this month – reducing monthly Treasury purchases by