Is the Fed going to start a buy back? Yes. Will tapering start sooner rather than later? Highly likely. Do we already know that? Yup. My theory is if we already know something, then it is already priced in. Today all US market pulled backed around 0.6%, which isn't a surprise coming off of a 5 day winning streak and all time highs. I always try to put things in to perspective. The media will try to cause a panic for the click, click, clicks. Let's keep a rational head on our shoulders and go about making our bread.
Federal Reserve Bank of Kansas City President Esther George said she would prefer to begin removing monetary policy accommodation and begin tapering asset purchases “sooner rather than later”. Surprised? No.
"We're not expecting a formal definitive announcement tomorrow, given the deterioration in the macro landscape since that July meeting, when the taper debate really unfolded," Candice Bangsund, Fiera Capital Global Asset Allocation vice president and portfolio manager. Surprised? Also not.
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