Global Markets on the Clock with Fed Announcement at 2:00 pm EDT (Reuters)
Today, analysts and investors alike fully expect the U.S. Federal Reserve to start what has long-been rumored: tapering the United States’ $85 billion a month stimulus plan. However, most also expect that the reduction in monthly buying bonds will not be dramatic. In fact, a Reuters poll found that most expect a cut of around $10 billion a month. Markets in Asia were slightly down for the most part, with only Japan’s Nikkei jumping 1.35 percent. In Europe, shares have inched up slightly (less than 1 percent, as I write) in anticipation. What have you done with your investable funds in anticipation?