Based on hiring numbers in the BLS September Employment report, the pundits/talking heads are predicting “No Taper” of Quantitative Easing (QE) until 2014 (March or June depending on who you listen to). The Federal Reserve Board has stated simply that if the unemployment rate falls enough, they will normalize interest rates. The pundits and FED appear to be using different data-sets.
Short revue of data at…
-- Sir John Templeton
Wednesday, the S&P was down 0.5% to 1746 (rounded) at the close.