In a surprise to no one, the Fed decided to maintain the current rate of bond purchases

Jay Soloff

Argonath Financial

In a surprise to no one, the Fed decided to maintain the current rate of bond purchases. This was mostly a foregone conclusion after the economic damage from the government shutdown, but became obvious once weak economic data surfaced this week. The only major change in the Fed statement itself is acknowledgement that the housing recovery has slowed. A slowdown in housing was to be expected given the jump in mortgage rates - which ironically were brought on by the Fed's talk of tapering. Still, as long as politics don't get in the way again, I would expect the US economy to continue to grow at a slow, but reasonable pace. At least we know for the time being, the Fed will continue to support high asset prices with its bond purchasing program in full swing.


Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment