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Fed "Tightens", Tapers $10 Billion - Full Redline

• zerohedge.com
 

Despite the world of mainstream media pundits proclaiming the US is recovering nicely and that a taper is priced in (and the warning that the 5Y auction gave this morning that it's not), markets are already reacting violently to the Fed's decision to announce a small 'taper' (and more dovish forward guidance)...

*FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY *FED SAYS `FURTHER MEASURED STEPS' POSSIBLE ON TAPERING *FED: EXCEPTIONALLY LOW RATES UNTIL JOBLESS FALLS WELL PAST 6.5%

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