Any Changes To Fed Strategy?

Any Changes To Fed Strategy?

'It looks like it's a weather issue - a big drop in construction and a 1,000 drop in transportation. People will focus on the unemployment rate drop and the upward revision to the prior month.' - John Canally, an economist for LPL Financial

During the December FOMC meeting the Fed has shed some light on their future moves, providing some relief for market participants who were making their bets on when and how the central bank will start tapering its QE during the last six months or so. Bernanke comments are suggesting two central bedrock assumptions for the whole 2014– growth will continue accelerating amid abating fiscal squeezes, and, at the same time, the Fed will reduce its monthly purchases by $10 billion per meeting until they will be withdrawn completely.