To taper or not to taper, that is the question. And as discussed here yesterday, are we already seeing the possible answer play out with CDG now having bounced $30 off its lows of early Monday?
So here we are...stuck in the middle with Powell, again. Is there any way to accurately forecast what, if anything, the FOMC will state tomorrow? Of course not. There are two sides in clear conflict:
- Powell himself stated at Jackson Hole that any plan to taper QE would be dependent upon the data, particularly the BLSBS. Here's the actual text of his speech. Given that the "
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