| And so it begins? On Wednesday, the Federal Reserve is expected to announce that it will begin “tapering”, the start, however gentle, of winding down its vast programme of quantitative easing (QE).
Analysts think the US central bank will reduce its $85bn-a-month (£53bn) purchase of assets under what is effectively a money-printing exercise, by up to $15bn a month. This would signal that, slowly but surely, the prop offered to global markets by Fed chairman Ben Bernanke and co is about to be removed...............................................Full Article: Source
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