What You Should Do While the Fed Hedges Its Bets73 views 2013-07-19 03:14
Federal Reserve Chairman Ben Bernanke testified to the House Financial Services Committee last Wednesday, and there was nothing surprising in what he said. He stated that the money printing will continue until there’s improvement in the economic recovery and the jobs market.
Bernanke again repeated that the Federal Reserve might begin to rein in the bond-buying stimulus later this year, but no concrete date was given as the move would depend on some key factors.
Also Read: NYSE Holidays 2013
What this means is that the trading will continue to be driven by economic headlines. While there’s a sense among many that the economy will strengthen, there are some traders who would be fine with soft economic data—because that would delay the inevitable bond stimulus cuts.Continue Reading: What You Should Do While the Fed Hedges Its Bets