THE 2021 TAPERING
The 'tourist contrasts the 2013 taper tantrum to this cycle's market action
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Well, it’s finally here. Today, Jerome Powell announced the Federal Reserve would officially start their taper. The details were exactly as the market expected; $10 billion of Treasury securities and $5 billion of agency mortgage-backed securities lopped off each month’s quantitative easing purchases.
There is plenty of analysis out there, so I won’t bor…