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No Tapering For 2013

According to the Chicago Fed President Charles Evans, the government shutdown has substantially delayed tapering. It is unlikely that the Fed would put a break on their asset purchases for the rest of the year. Ironically, the people who shutdown the government hate the Fed’s ease money policy, which in reality will only continue to fuel the Fed’s current policy. The government shutdown created uncertainty and caused key economic data not to be released. Without the economic data, the Fed can’t analyze the merits for tapering. The ease money policy continues! At this rate, the future of when tapering is expected to occur is murky at best.