It's a "non-taper" taper!
Fed reveals that it will ease off it's debt monetization by $10 billion/month, but will continue low interest rates indefinitely. In some ways, this is even more dovish that previous statements were. Wall St is thrilled! The bubble builds!
- *FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY
- *FED SAYS `FURTHER MEASURED STEPS' POSSIBLE ON TAPERING
- *FED: EXCEPTIONALLY LOW RATES UNTIL JOBLESS FALLS WELL PAST 6.5%
