Taper Time – No matter what the Fed says today, markets are probably going to get crazy
September 18th, 2013
This morning, the S&P 500 Index e-mini futures (ES-U3) are trading higher by just 0.50 points to 1705.50 per contract. Most institutional traders and investors are eagerly awaiting the FOMC announcement. Later today, the Federal Reserve is expected to start tapering its QE-3 program. QE-3 is a program where the central bank buys $85 billion a month of U.S. treasuries and mortgage backed securities. How much money will the Federal Reserve cut from the $85 billion a month program? That is the big question that most investors are asking.
Fed news may already be baked in, but when it hits, markets are still going to react
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