"Why would they rush to taper now," says UBS' Drew Matus (also formerly a Fed economist), noting...

|By:, SA News Editor

"Why would they rush to taper now," says UBS' Drew Matus (also formerly a Fed economist), noting unemployment is nowhere near low enough and inflation is at a half-century low. A Bloomberg survey of economists has the FOMC waiting until its late-October meeting before commencing the taper and slashing purchases to $65B/month from $85B.