Bernanke & the FED Is Indeed Driving the Stock MarketSubmitted by DJP333 on Fri, 09/27/2013 - 14:23
The following chart plots the Fed’s total assets against the S&P500 index. Hmm, wonder why they didn't taper yet.
Fed’s Evans Suggests Tapering Could Start Later Than October:
Federal Reserve Bank of Chicago President Charles Evans said Friday that the U.S. central bank could start reducing its $85 billion-a-month bond-buying program at its October policy meeting, but it could happen later than that.
“We could make a decision in October,” Mr. Evans told reporters on the sidelines of a monetary policy conference in Oslo, adding, “We need to see further developments of the positive variety for the economy to have that added confidence. It wouldn’t surprise me if we go a little bit longer.”