|Fed to taper bond buying by $10 billion a month|
Fed to taper bond buying by $10 billion a month, that was the message today and it sure shocked alot of investor, not because of the announcement, but because they thought the market would sell off on this news, but the market did the complete opposite. It skidded up higher by about 50 points. The S&P 500 hits record after Fed taper move today, and the news is still reaming across the globe.
Today the Asian Stocks Rise After Fed Begins Tapering US Stimulus
The Fed taper seen as positive for economy, bad omen for bonds which has already been suffering at the hands of this news, and a mixture of other things.
What Fed tapering means for you, is that right now, not much at all, the market is taking this as positive news as you can see above. This Fed's tapering announcement gives global certainty in a market, that all year was strong, but still uncertain about the future of this easy money that has been printed off and flooding the market since about 2009.
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