أشرف العايدي على سي ان بي سي العربية -- 23 يوليو2013
Jul 23, 2013 16:42
Traders must also bear in mind that the tapering of purchases is a mere "cooling" in the pace of easing, rather than tightening. After all, asset purchases remain a form of easing, or money supply expansion, which has swelled up the Fed balance sheet to a record $3.5 trillion. There is a vast gulf of market movements and expectations between easing, neutral and tightening. We remain well in the midst of policy easing.
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Uncertain December
The oscillating changes in market expectations for the December FOMC meeting implies more volatility into the next 4 weeks.
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