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Monday, Jun 17
"Chill out," tweets the FT's Robin Harding, whose article suggesting Bernanke is likely to...
"Chill out," tweets the FT's Robin Harding, whose article suggesting Bernanke is likely to signal a coming taper at his press conference on Wednesday sent interest rates higher and knocked the Dow for about 150 points. Harding says there was nothing leaked, especially during the blackout period just ahead of an FOMC meeting. Harding's piece isn't much different than Hilsenrath's from last week (which sent markets higher): Tapering is on the way, but it's not an end to QE and certainly nowhere near a hike in interest rates.