President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Federal Reserve itself doesn't use the phrase "taper," just like it doesn't call the bond-buying program QE. Instead, it says it may "reduce the pace of its purchases."
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The term took the financial world by storm after Federal Reserve Chairman Ben Bernanke told a Congressional panel on May 22 that improving economic conditions meant that "we could in the next few meetings ... take a step down in our pace of purchases."
At a press conference over the summer, Bernanke got specific about the criteria that would guide the Fed's tapering. He said that given the Fed's forecasts for the economy, he expected that the taper would begin before the end of 2013 and that the program would end entirely in 2014. He emphasized that these dates were based on the economy performing as expected rather than hard deadlines. If the economy performs better or worse than expected, the dates could shift forward or backward.
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