Money Roundup: Buying Less Bonds Edition

by Michael on Dec 22, 2013

In case you missed it, the Fed announced that they’ll be cutting back on their bond buying activity starting in January. But it’s a small move overall, reducing their purchases from $85B/month to $75B/month.

They’ve also re-iterated that they’re planning on keeping interest rates low until unemployment falls below 6.5%, which will likely be 2015 at the earliest.

Interestingly, unlike last spring’s “taper tantrum,” the market reacted very positively to the news overall. In fact, for the week, the DJIA increased nearly 3% and the S&P 500 increased nearly 2.5%.

And now… Here are some articles that caught my eye this past week:

That’s it. I hope you’ve been having a great weekend.

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