5 Nov 2013
Flash: To taper or not to taper? - Investec
FXstreet.com (London) - Research teams at Investec Bank noted that Fisher has implied that tapering may not be on the cards this side of Christmas.
Key Quotes:
“It is worth noting that the timings of when the Fed will start to taper QE remains uncertain”.
“Despite the stronger US data last week Fisher, the Federal Reserve Bank President of Dallas, remarked the US economy is not adding jobs at a pace the Fed would like; he said the US government is partially to blame and he can see “holding Fed funds rate low for a very long time””.
“Given Fisher is generally known to be somewhat of a hawk these dovish comments would suggest QE tapering will not be on the agenda this side of Christmas but if US data manages to surprise to the upside, a surprise may still be on the cards”.
Key Quotes:
“It is worth noting that the timings of when the Fed will start to taper QE remains uncertain”.
“Despite the stronger US data last week Fisher, the Federal Reserve Bank President of Dallas, remarked the US economy is not adding jobs at a pace the Fed would like; he said the US government is partially to blame and he can see “holding Fed funds rate low for a very long time””.
“Given Fisher is generally known to be somewhat of a hawk these dovish comments would suggest QE tapering will not be on the agenda this side of Christmas but if US data manages to surprise to the upside, a surprise may still be on the cards”.