Asian Shares Climbed Higher although Gross Expected Fed to Taper QE This Year

Asian shares climbed higher on Monday ahead of the FOMC meeting. Investors continued to gauge policymakers’ opinions on whether or when to taper QE measures. Bond guru Bill Gross anticipates the Fed would end QE later this year. His forecast was not driven by expectation of sustainable recovery in the US economy but the Treasury will lack bonds to issue due to lower than expected deficits.

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Asian Shares Climbed Higher although Gross Expected Fed to Taper QE This Year