THE FED DECISION IS OUT: And The Taper Has Begun

BI Australia ^ | December 18, 2013 | Matthew Boesler

[John W]

The December FOMC decision is out.

The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.

However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.

[Rock N Jones]

The TAPER CAPER!

But the market is happy, Dow Jones Industrial up $293+change. 90 day TBills close at .06%(that is 0.0006). Helicopter Ben is happy. Obama is happy. Biden is always happy. Everybody get happy but not too happy!

[VRW Conspirator]

After that a civil war that will make the Balkans look like an ice cream social.

Iran and North Korea would love to see that. Iran will get the bomb (been saying it for years).

[stocksthatgoup]

Less than 12%