- Amid a rush of economists over the past days pushing back their estimates for the beginning of the taper - some well-known ones now out as far as April - the WSJ's Jon Hilsenrath's takeaway from the FOMC statement today is that a December commencement is not off the table.
- Maybe key is the removal of a reference to tightening financial conditions which had been inserted in September.
- Stocks have regained their composure following the hawkish lean, but the bond market remains solidly lower, the 10-year Treasury 2.53%.
Hilsenrath: December taper still on table
Oct 30 2013, 15:45 ET