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The Fed Tapers and the Growth SLOWS

If you’ve ever been caught up in a case of really bad timing, then you probably know what the Fed is feeling right about now.

This morning, we received a dismal Gross Domestic Product (GDP) print that showed economic growth SLOWED to an adjusted annual rate of just 0.1% since the beginning of the year. That’s very, very poor, especially when you consider what the Fed just announced.

As expected, the Federal Open Market Committee (FOMC) opted to continue the “taper” of its current bond-buying program, announcing via the FOMC statement that it would reduce its monthly bond purchases to $45 billion from $55 billion. The decision was widely anticipated and the vote within the Fed was unanimous.

Read more about how the markets reacted to the Fed’s decision at Eagle Daily Investor.

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The Fed Tapers and the Growth SLOWS

If youâ??ve ever been caught up in a case of really bad timing, then you probably know what the Fed is feeling right about now.

If youâ??ve ever been caught up in a case of really bad timing, then you probably know what the Fed is feeling right about now.

This morning, we received a dismal Gross Domestic Product (GDP) print that showed economic growth SLOWED to an adjusted annual rate of just 0.1% since the beginning of the year. Thatâ??s very, very poor, especially when you consider what the Fed just announced.

As expected, the Federal Open Market Committee (FOMC) opted to continue the â??taperâ?ť of its current bond-buying program, announcing via the FOMC statement that it would reduce its monthly bond purchases to $45 billion from $55 billion. The decision was widely anticipated and the vote within the Fed was unanimous.

Read more about how the markets reacted to the Fed’s decision at Eagle Daily Investor.

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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