Seeking Alpha

Taper still on table this year as Fed considers new guidance

  • The Fed is not just about the chair, Bill Dudley tells CNBC, and policy under Yellen's leadership should be pretty consistent with today's.
  • Last week's non-taper was not inconsistent with Bernanke's previous statements, he says, and the taper remains on the table at some point this year - data dependent, of course.
  • In other news, the Washington Post reports the Fed is considering even more explicit forward guidance in which it would pledge not to hike rates as long as inflation stays low. The current pledge is not to hike until UE falls below 6.5% or inflation rises above 2.5%. This new prong to guidance would be a promise not to move while inflation is below a certain target.
  • Shorter-dated Treasury ETFs: SHY, SHV, IEI, BIL, TUZ, FIVZ, DTUL, VGSH, DTUS, DFVS, DFVL, SST, ISTB, TBZ.
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Comments (6)
  • mfritz095
    , contributor
    Comments (21) | Send Message
     
    So for those of you stupid enough to be saving your money, count on continuing to get screwed.
    24 Sep 2013, 08:20 AM Reply Like
  • sarichter
    , contributor
    Comments (438) | Send Message
     
    Yep... invest in equities now while there is no other place to put your money. UE is not dipping below 6.5 for at least another year.
    24 Sep 2013, 08:34 AM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    Amen
    25 Sep 2013, 10:22 AM Reply Like
  • june1234
    , contributor
    Comments (3150) | Send Message
     
    Greenspan, Bernanke, Summers or Yellen birds of same feather flock together
    24 Sep 2013, 08:22 AM Reply Like
  • Bouchart
    , contributor
    Comments (802) | Send Message
     
    More jawboning. It's all they have left.
    24 Sep 2013, 08:57 AM Reply Like
  • racchole
    , contributor
    Comments (365) | Send Message
     
    So in other words, Bernanke is no longer making decisions.
    24 Sep 2013, 04:13 PM Reply Like
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