Taper Talk Is Back, What Will Bernanke Do Next?
- Uploaded by Isotrop on Aug 1, 2013
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This morning, the S&P 500 Index e-mini futures (ES-U3) are trading higher by 0.25 points to 1684.75 per contract. Earlier today, the ADP job report was released and it was better than expected signaling 200,000 new jobs were created in July. The GDP report was also released and it was 1.7 percent which was better than expected. So, will these better than expected economic numbers cause the Federal Reserve to start tapering its $85 billion a month QE-3 program? Well, the highly anticipated FOMC announcement will be released at 2:00 pm EST, so the ball is now in Ben Bernanke's court.