According to WSJ Fed watcher Jon Hilsenrath, The Federal Reserve is likely to continue scaling back its QE program despite the disappointing nonfarm payrolls report on Friday. The FOMC has cut the Fed’s bond-buying program by $10B in each of its last two meetings and is set to trim purchases by another $10B at its next get together in March.
“Taper path should be steady, absent significant change in Outlook.” (Goldman Sachs)
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