Hedge fund expert: MBS tapering is now months away
As America remains focused on the partial government shutdown, it's unlikely the markets will see the Fed taper mortgage-backed securities and Treasury purchases in the next few months, analysts claim. One hedge fund titan suggests tapering could be at least three to four months away. CNBC has more from his interview:
The question, David Tepper said, now becomes: Will the Fed taper in March or June? I don't know now, he added, "they're not tapering for a long time now."
"So that's definitely sort of going to be a push-up to markets," Tepper said in a "Squawk Box" interview. "Generally speaking, markets will go up, [because] my basic belief has been when you have large (quantitative easing), markets go up."