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Goldman Sees Tapering in March of 2014

According to Goldman Sachs Group Inc (NYSE:GS), March 2014 is the most likely time that the Fed will begin tapering. Goldman cited the September jobs report as a reason for the delay. The economists at the bank believe that the uncertainty of a second government shutdown and a debt ceiling fight will be over by March. I still don’t see tapering occurring in first quarter of 2014 when you have the debt ceiling and government funding all squeezed in that quarter. We have no clue what congress will do! In my opinion, the best chance of tapering occurring is in the summer of 2014.