The beginning of the end is here.
The widely-anticipated taper of the U.S. Federal Reserve’s Quantitative Easing program or QE3 will finally begin early next year, the US Fed announced today at the conclusion of the two-day Federal Open Market Committee (FOMC) meeting.
Federal Reserve defers QE3 tapering to 2014
Philippine stocks are most probably gearing for a rally today following the announcement of the U.S. Federal Reserve that it will not end its Quantitative Easing program.
Earlier today, U.S. Federal Reserve Chairman Ben Bernanke said that the Fed will continue with its bond-buying program because current market conditions “are still far from what all of us would like to see”.