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"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.
Comments (1)
  • Is there a soul alive who doesn't believe that BB's comments on Wednesday will be benign? He has cleverly orchestrated a wonderful stock market rally, and he's not about to unsettle that bliss by saying the wrong thing at this juncture. He knows that once he pulls the bowl away, the party is going to die pretty quickly. Unlikely to happen this week....nor anytime soon. Might just as well let QE infinity run its course and let it die a natural death once it no longer levitates equity prices. No pulling; no tapering; simply letting it fade away on its own accord.
    17 Jun 2013, 05:31 PM Reply Like
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