Friday, June 28, 2013

Forex: Fed Officials Keep to September Taper Track, But Say Markets Misreading | DailyFX

DailyFX: "With three policy officials on the newswires this past session (and four more due tomorrow), we had a significant opportunity to alter the market’s expectations. However, the balance of what was seen is clearly a means for sticking to the general time frame that Bernanke laid out last week – decisions being data dependent rather than date dependent don’t change this as their open assessment of ‘may moderate QE3 purchases later in 2013’ was made against forecast."

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