QE ended; the world did not.

QE ended; the world did not.

As expected, the US central bank concluded its quantitative easing bond-purchasing program (The jury is still out on whether QE helped the recovery). The Fed also made Wall Street queasy by signalling that it might hike rates sooner than expected, but the damage was minor

“Our research suggests that when unemployment falls below 6 percent and then declines from there, that’s when you get wage gains. If we see wages pick up I think we’ll see the Federal Reserve move further, toward the hawkish side. I don’t think the bond market is priced for what the Fed is going to do next year.”



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