Fed's Instant Message Is More Wait and See

I keep reading that the Federal Reserve is discussing how to taper its asset purchases without disrupting financial markets. Good luck with that.

I keep reading that the Federal Reserve is discussing how to taper its asset purchases without disrupting financial markets. Good luck with that. It's never too soon to start planning, especially when the new target date for the onset of tapering is "in coming months," according to the minutes from the Oct. 29-30 meeting, released today. Recall that in June, the target was "later this year."

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