Trading Radar: Will The Fed Decide To Taper Next Week?

wochit business
December 13, 2013 AT 3:13 PM
The heavens aligned in the past week, though not in a way most would prefer, and the S&P 500 experienced a negative week for the first time since September. Next week the main event will be Wednesday's FOMC meeting as expectations that the Fed will cut back its asset purchase plan have changed -- many believe the taper will be announced at next week's meeting instead of in March as had been anticipated.