Citi On Taper: When It Actually Happens, It May Be Yesterday’s NewsVW Staff
Markets remain agog with the possibility of the Fed announcing the much maligned ‘taper’ as early as this December.
Consider this: On Monday the ISM Manufacturing Index for November came in at 57.3 instead of the consensus estimate of 55.1. Thursday, annualized GDP growth for the third quarter printed at 3.6%, handily beating analysts’ forecasts of 3.1%. This morning, Non-Farm Payroll data for November showed 203K . . .
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