Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Second Quarter GDP Beats Expectations At 1.7%, Bernanke Still Set To Taper This Year

Wednesday, July 31, 2013 - 4:15 PM
I hope the GDP report means the Fed will start tapering this year as suggested by this Forbes article:
In terms of what this means to Fed Chairman Ben Bernanke, it suggests he will move forward with plans to taper quantitative easing (QE) before the end of the year.

Read more

I have my doubts after reading this Calculated Risk blog post.
5
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
1. Wednesday, July 31, 2013 - 5:50 PM
"With the economy stuck in second gear and a labor market that appears to be tepidly improving, as ADP numbers on Wednesday showed, it seems like the Federal Reserve will stay its course."

That's what I get out of the Forbes article. Which means no change.
3
ShorebreakShorebreak2,378 posts since
Apr 6, 2010
Rep Points: 12,697
Reply