FOMC starts tapering along with enhanced forward guidance
FOMC starts tapering along with enhanced forward guidance
Global & Regional Focus Notes
20 Δεκεμβρίου 2013
•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...