What did the Fed do and Why Does it Matter?
Summary: The US Federal Reserve announced a fresh $10 billion in “Taper” of its Quantitative Easing. Why does it matter and what does it mean for markets?
- US Federal Reserve announced a fresh $10B in Taper at its meeting
- Market reactions have thus far been mixed, but S&P 500 has fallen sharply
- Will be critical to watch next moves in Emerging Markets and key Dollar pairs
Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.