http://business.financialpost.comWed, 18 Sep 2013 18:10:28 GMT
... US$85-billion a month asset buying program, surprising markets and spurring a stock rally. Saying that the downside risks to the U.S. economy and the labour market have diminished since last fall, the Fed said that it nevertheless is awaiting more evidence to make sure the recovery is sustainable. ... “If tapering doesn't arrive by Halloween, it likely won't happen this year.” The lack of a tapering announcement also threatens the prospect of market volatility. With the ...
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