London (PRWEB UK) 20 December 2013
The Fed announced it would begin tapering QE with a $10bn a month reduction in asset purchasing in a press release on Dec 18th.
Vantage FX’s Head of Market analysis Jay Mawji commented:
“The Taper is on! The FED has introduced the first stage of the Taper programme, deciding to draw back $10bn worth of easing and maintain a forward guidance of sorts on a zero-rate interest policy. It’s a difficult situation, with the FED attempting to return the market to normal conditions. Ben Bernanke did stress that this policy "is not intended to be a tightening", which supports the view that as long as economic data remains strong, the Taper will continue.”
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Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services and a UK trading platform to clients in the UK, the EU and the rest of the world.
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