Fed moving closer to tapering – Morgan Stanley
|Analysts at Morgan Stanley believe that the US Federal Reserve (Fed) is well aware that it needs to embark upon the tapering journey.
Key quotes
“The data has been so strong; it would be naive not to think the Fed wasn't moving closer to tapering over the past several months.”
“It's all part of the mid-cycle transition that has been ongoing for months.
“Another classic signal the market gets it.”
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