It's A Taper Party, Who Could Ask For More?

wochit business
December 18, 2013 AT 3:07 PM
Today's historic Fed day started with a whimper and ended with a roar. To the surprise of most on Wall Street the Fed announced it was tapering $10 billion from its $85 billion-per-month bond-buying program taking down Treasury and mortgage-backed security purchases by $5 billion each. Heading into the meeting various polls from investment banks and media outlets showed very low confidence in a taper.