Fed Remains on Taper Track - Real Time Insight

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The Federal Reserve decided to cut its monthly asset-purchase program by another $10 billion to $65 billion ($35 billion of longer-term treasury securities and $30 billion of mortgage-backed securities).

In the statement issued after the two-day FOMC meeting, they said " Information received since the Federal Open Market Committee met in December indicates that growth in economic activity picked up in recent quarters ".

Though most analysts believed that the Fed would stick to its taper plans, some thought that the ongoing turmoil in emerging markets may lead to a pause in the taper schedule. The statement did not make any reference to the volatility in emerging markets. Stocks continued their downward trend after the release of the statement.

This was Ben Bernanke's last meeting as the chairman.  What do you think about Bernanke's Fed legacy?



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: BOND , DIA , GLD , QQQ , SPY

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