by Bill McBride on 1/20/2014 08:00:00 PM
Monday, January 20, 2014
From Jon Hilsenrath at the WSJ: Next Cut in Fed Bond Buys Looms
The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks as a lackluster December jobs report failed to diminish the central bank's expectations for solid U.S. economic growth this year, according to interviews with officials and their public comments.I think the Fed will continue reducing their asset purchases at each meeting, unless there is a significant change in the data (one weak job report will not change their views).
A reduction in the program to $65 billion a month from the current $75 billion could be announced at the end of the Jan. 28-29 meeting
Posted by Bill McBride on 1/20/2014 08:00:00 PM