Market Week: Your guide to what’s going on

Taper time

21st December, 2013

Taper time

Financial markets got what they’ve been waiting for since last May: confirmation from outgoing Fed chairman Ben Bernanke that the US central bank would start cutting back on government bond purchases. Starting next month the Fed will reduce quantitative easing by €10 billion, to €75 billion monthly, and eliminate the market support by the end of 2014. The move takes pressure off new chair Janet Yellen, but also marks the start of a...

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