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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.

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I have my doubts after reading this Calculated Risk blog post.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
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.
ShorebreakShorebreak2,677 posts since
Apr 6, 2010
Rep Points: 14,533