Fri, Nov 22, 2013 - Page 15 News List

Fed QE taper likely in coming months

‘MOVING CLOSER’:Fed officials expect that data will show ongoing improvement in the labor market, while the ECB mulls negative interest rates for commercial lenders

Bloomberg

Policymakers said they still expect a pick-up in the pace of economic activity even as reports suggest growth in the second half of this year may prove to be “somewhat weaker than many of them had previously anticipated,” the minutes said.

While they saw less risk for the economy, they also said “several significant risks remained,” specifically citing fiscal drag and budget standoffs.

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