Tuesday 24, September 2013 by Russ Koesterich

No Fed Tapering: Why? And What Impact Will it Have on the Markets?

In a widely watched decision, last Wednesday the Federal Reserve surprised the markets by declining to begin backing off (tapering) its asset-purchase programme. Most observers (us included) were expecting the central bank to begin a modest pullback in the pace of purchases, so the Fed's decision to stand pat took many by surprise.