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Items Tagged with 'tapering'

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FOMC: Tapering is officially over

Economy expands at moderate pace
It’s over. The Federal Open Market Committee officially decided to conclude its two-year-old asset purchase program this month due to the substantial improvement in the outlook for the labor market and strength in the broader economy. The Zero Interest Rate Policy, on the other hand, remains in full effect.
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BofA: Fed seems OK with declining home sales

Don't expect any increase in economic help
"Moreover, at this point, given the continued weakness in mortgage purchase activity, there is no evidence that a robust turn or recovery in sales will be seen in the months ahead," according to BofA analysts.
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