The economy has not improved enough for tapering to begin between now and the end of the year thinks Lindsey Piegza, chief economist at Sterne Agee & Leach and a member of the National Association for Business Economics. The uneven data is really the underlying reason why Fed officials remained consistent in their bond purchase program. The economy is yet …
One Man’s Opinion: Did The Fed’s Taper-Talk Come Earlier Than Expected?
Federal Reserve Chairman Ben Bernanke’s announcement that the central bank could slow down its assets purchase program by September triggered a sell-off in the fixed-income markets, pushing yields higher. The Fed’s move, however, seems to have come a little earlier than anticipated, says Ira Jersey, interest-rate strategist at Credit Suisse Group AG. Asked if he agreed that the economy is …