The Phaserl


More clues about Fed’s tapering plans due

by Greg Robb, Market Watch:

Economists will be trying to figure out what it would take to get the Federal Reserve to begin to slow down the pace of its asset purchases and whether the strong June employment data was enough.

The highlight of the week’s economic reports will come Wednesday when the central bank releases the minutes of the June 18-19 meeting.

At his press conference after that meeting, Fed Chairman Ben Bernanke laid out a more rapid timetable for the central bank to wind down its $85 billion-per-month bond-buying program than the market had expected.

Bernanke said tapering could start “later this year” and end sometime when the unemployment rate should be “in the vicinity of 7%,”which he would could happen “around midyear” 2014 if the economy continued to improve.

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