FOMC starts tapering along with enhanced forward guidance | Eurobank
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FOMC starts tapering along with enhanced forward guidance

•The FOMC decided to reduce its QE asset purchases by $10bn per month beginning in January 2014, equally split between Treasuries and MBS.
•Although there was not a specific reduction in the unemployment rate threshold or an inclusion of a floor to the inflation target, the Committee stated that it is likely to continue its zero policy rate “well past” the time that the unemployment rate declines below 6.5%.
•The economic assessment of the outlook was somewhat more upbeat, acknowledging the cumulative progress in labor market conditions and the diminishing fiscal restraint...