NYSE Reacts To Fed Surprise: Is QE Taper Psychologically Important For US Markets?

10 MIN:32SEC
Category: Markets / Finance / Dec 18, 2013 6:01PM EDT

Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc., weighs in on the Federal Reserve tapering its $85 billion-a-month bond-buying program to $75 billion in January. The FOMC announced it would scale back its monthly long-term Treasury bond purchases to $40 billion and mortgage-backed securities to $35 billion a month, both reductions of $5 billion.