FOMC Conference Tanks Equities and Sends Yields Higher

Essentially, Bernanke tanked the markets when he said if the data comes in line with current the current pace of an economy that is expanding moderately, that the Fed would consider tapering later this year. If it continues to get better over the next several quarters then the fed could end QE mid next year.

Generally what ever happens on Fed speak day is the opposite of what happens over the next few. Although, this time may be different…

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