Time to sit back and listen closely to what Mr Bernanke had to say
There has been so much verbal diarrhoea over the last few days and weeks, with everyone in the market screaming their views on ‘tapering’ and hoping to be heard. Well their views don’t matter, in fact there is only view that matters and that is Mr Bernanke himself. I’m just reading a piece from BofAML and they refer to the following quote from the Fed statement;
“if both growth and inflation pick-up along the lines of the FOMC forecasts, the Fed will end QE in the middle of next year”.
Central bankers are not likely to change their tune or their words from one week to the next. Unless something drastic changes, ignore all the useless pundits and read Helicopter Ben’s lips 🙂