Fed Members Believed Tapering would Begin this Year

Three key issues dominated the market in the US session: The FOMC minutes for the September meeting, Janet Yellen got official nomination of the next Fed Chairman and increased hopes that a short-term plan to raise the debt ceiling would be reached as Congressional GOP and Democrat leaders meet. The FOMC minutes indicated that most members continued to expect tapering to begin later this year although economic data remained the key factor determining the move.

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Fed Members Believed Tapering would Begin this Year