Why Federal Reserve Will "Continue To Modestly Taper" QE
Peter Cardillo, chief market economist at Rockwell Global Capital, weighs in on fourth-quarter earnings season thus far from General Electric Company (NYSE: GE) and results from the financial sector. In addition, Cardillo discusses why the Federal Reserve will "continue to modestly taper" its stimulus program.
Will Federal Reserve 'Taper Light' Its QE Program?
Peter Cardillo, chief market economist at Rockwell Global Capital, discusses the Federal Reserve's highly anticipated two-day policy meeting and whether the central bank will "taper light" its $85 billion-a-month bond-buying program.
Gold Tumbles as Investors Price in Crimea Crisis and Federal Reserve Taper
Gold futures were tumbling by double-digit prices as investors begin to price in the Crimean crisis and the Fed to keep up the pace of its tapering. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that gold likely will trade in a tight range now that the market is finding some stability in the Crimea situation and as the Fed's Janet Yellen continues where her predecessor left off. McGlone says the only surprise would be if the Fed tapers more aggressively.
The Federal Reserve Won't Taper Economic Stimulus
The Federal Reserve won't announce a taper of its economic stimulus program in December at Wednesday's meeting. Janet Yellen has indicated that she will tie the taper to improvement in unemployment, and while the unemployment rate has dropped slightly in recent months, it has not been significantly reduced.
Federal Reserve Minutes: FOMC Split On September QE Taper
Minutes released on Wednesday from the Federal Reserve’s latest policy meeting in July revealed FOMC members were split on scaling back on stimulus in September and provided no clear signal on when the central bank would begin to taper its $85 billion-a-month bond-buying program. The minutes from the July 30-31 meeting show “almost all” FOMC members agreed that a change in the purchase program was not yet appropriate. However, one member said improvement in the labor market was an important rea
Will the Fed Announce Tapering at December 2013 FOMC Meeting?
Peter Cardillo, chief market economist at Rockwell Global Capital, weighs in on if the Federal Reserve will announce a plan to taper its $85 billion-a-month bond-buying program at the Federal Open Market Committee's (FOMC) December 17-18 meeting.
Bernanke: How Dow, S&P React To Federal Reserve Chairman's QE Taper Testimony To Congress
Jason A. Weisberg of Seaport Securities weighs in on Federal Reserve Chairman Ben Bernanke's semi-annual testimony before Congress. As of 1:10 p.m. Eastern, the Dow Jones industrial average was up 81.94 points, or 0.53 percent, at 15,552.46. The S&P 500 Index was up 8.22 points, or 0.49 percent, at 1,689.11. The Nasdaq Composite Index was up 1.71 points, or 0.05 percent, at 3,611.82.
No Action by Federal Reserve Signals its Level of Worry
The Federal Reserve begins its two-day FOMC meeting today and the last for Chairman Ben Bernanke. Market watchers are whispering about an additional $10 billion taper, but Belpointe Chief Strategist David Nelson believes the latest economic data, including Tuesday's durable goods numbers, could cause the Fed to back off its intent to taper.