This week we have more on tapering and the recent US FOMC meeting.
As usual, Bill Hubard, Chief Economist of Markets.com, has some interesting thoughts including some longer-term views:
- First US interest rate hike to be in Q3 2015
- Tapering to start September/October 2013 with a $10bn reduction but to finish by around August 2014
- The dollar is strong against the exotic currencies but still weak against the euro, the dollar is effectively being supported by the emerging market currencies
- We may see artificial drops in US and UK unemployment
- Are currently seeing big moves in short-term US bonds (1-3yr bonds)
- Investors are not leaving stocks but they are repositioning themselves
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