JPM: Tapering Still Coming In September

Thursday, July 11, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/11/2013

“Nothing in yesterday’s remarks led us to question our view that tapering in September is coming, conditional on the data cooperating. To the contrary, when asked if he regretted mentioning slowing the pace of purchases recently, he stated that “notwithstanding some volatility that we’ve seen in the past six weeks, that speaking now and explaining what we’re doing may have avoided, you know, a much more difficult situation in another time.” Rather than push back against the way his comments were interpreted, the Chairman seemed to welcome the better alignment of the market’s view with the Fed’s view.”

The Rest…HERE

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