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.
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.
What "Significant Improvement" In Economic Data Is Bernanke Looking For Before Tapering QE?
Peter Cardillo, chief market economist at Rockwell Global Capital, discusses the Federal Reserve's decision not to taper the central bank's $85 billion-a-month bond-buying program and what "significant improvement" in economic data Fed Chairman Ben Bernanke and policy-makers are looking for. In addition, Cardillo weighs in on what to watch for on next week's economic calendar, including durable goods orders, housing data such as the FHFA Housing Price Index, new home sales and pending home sales