World Week Ahead It’s all about the Fed

Sun, 15 Dec 2013

Dec. 16 (BusinessDesk) – All eyes are firmly fixed on US Federal Reserve policymakers as they gather for their final meeting of 2013 during which some believe they will decide to start scaling back their US$85 billion a month bond-buying program. As the US unemployment rate dropped to a five-year low of 7 percent in November, and third-quarter GDP accelerated more than expected to a 3.6 percent annual rate, an increasing number of economists forecast the Fed might announce a taper this week. Even so, the majority expects they will hold off...

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