Financial Markets Steadied Despite Little Clue on Fed’s Tapering Schedule

Financial markets firmed as economic data came in line with expectations. A number of Fed presidents spoke but their conflicting opinions failed to give the market any clues on the central bank’s timing of QE tapering. Wall Street gained with the DJIA and the S&P 500 indices rising +0.15% and +0.36% respectively. In the commodity sector, the front-month contract for WTI crude oil made little change with the price closing almost flat at 94.62.

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Financial Markets Steadied Despite Little Clue on Fed’s Tapering Schedule