Wall Street is waiting to see what the Fed will do about its future purchasing plans for tapering $85 billion worth of mortgage-backed securities and Treasury bonds per month, or a trillion dollars per year. I, for one, don't believe that the Fed has the nerve to taper (cut back on its security purchases) at this time. Or, should I say Wall Street will not allow the Fed to taper just yet? Wall Street just likes that $1 trillion per year just a little too much. My guess is the so-called "taper" will occur sometime during the first quarter of 2014.
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