While you were sleeping Fed taper seen next month

Wed, 21 Aug 2013

By Margreet Dietz Aug 22 (BusinessDesk) - Wall Street gained and US Treasuries fell after minutes from the latest US Federal Reserve meeting were taken as a signal that the central bank is set to begin tapering its bond-buying program at its next meeting in September. "First, almost all participants confirmed that they were broadly comfortable with the characterisation of the contingent outlook for asset purchases that was presented in the June post-meeting press conference and in the July monetary policy testimony," according to minutes of t...

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