By The Sizemore Letter
I joined Mike Robertson this morning to discuss the Fed’s announcement and what it means for tapering, inflation, and the stock market on Straight Talk Money. You can listen to the audio in the embedded player above.
So, what should we expect? What is the Fed’s gameplan?
Bernanke wanted to close the door on quantitative easing before leaving office in January. That’s not going to happen. Weaker than hoped-for growth and the fallout from the government shutdown make tapering on Bernanke’s original timeline a nonstarter. Expect the current policy regime to last well into the first quarter of 2014…and possibly longer.
This article first appeared on Sizemore Insights as The Fed’s Gameplan on Straight Talk Money