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The Fed Will Taper in 2014

Although the taper wonâ??t begin until 2014, the early sign from Wall Street is that traders love the decision.

The Fed did it. It finally pulled the trigger on a taper of its $85-billion-per-month bond-buying program. Although the taper wonâ??t begin until 2014, the early sign from Wall Street is that traders love the decision.

Stocks vaulted some 200-plus Dow points about 30 minutes after the Fedâ??s 2 p.m. EST announcement today largely due to two main factors. The first, and by far the most important, was the removal of uncertainty about what would happen with the taper and when it would begin. Thatâ??s a far cry from the Fedâ??s meeting in September, when everyone was expecting a taper announcement such as we had today but no such announcement occurred.

Read more about how you can profit from the Fed’s decision to taper at Eagle Daily Investor.

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Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbertâ??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.

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archive

The Fed Will Taper in 2014

The Fed did it. It finally pulled the trigger on a taper of its $85-billion-per-month bond-buying program. Although the taper won’t begin until 2014, the early sign from Wall Street is that traders love the decision.

Stocks vaulted some 200-plus Dow points about 30 minutes after the Fed’s 2 p.m. EST announcement today largely due to two main factors. The first, and by far the most important, was the removal of uncertainty about what would happen with the taper and when it would begin. That’s a far cry from the Fed’s meeting in September, when everyone was expecting a taper announcement such as we had today but no such announcement occurred.

Read more about how you can profit from the Fed’s decision to taper at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

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