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Fed Watch

Investors are keeping their eyes on the fed this month as they await word of any tapering of QE.  According to a statement by UBS, the fed will begin tapering this month with $10 billion less in stimulus per month, this is less than the previous expectation of $20 billion.  The economy is doing better but recent jobs reports were not good. Many investors believe that after the bad jobs report the fed is likely to continue stimulating.  What do you expect?

In other news about the Fed, Larry Summers is expected to be selected as chair of the Federal Reserve after Bernanke retires. He is not a supporter of the QE program.