Entering 'mid-portion' of Fed cycle: Pro

11:00 AM ET Thu, 19 Dec 2013

"The Fed will be reactive to data and will begin to repurchase if economy begins to slow," says Richard Bernstein, Bernstein Advisors CEO. Ward McCarthy, Jefferies & Company chief U.S. financial economist, weighs in on the Fed's taper move and the today¿s market conditions.