What will happen as the Fed turns off the money taps? John Stepek asks our Roundtable of experts for their views.
John Stepek: Let’s start with the US. It’s had a very good year, but it’s probably the most expensive market in the world now.
Steve Russell: We think the US is moving towards a gentle recovery – not enough to sort out its debt issues, but sufficient to encourage Janet Yellen to taper or stop quantitative easing (QE). We think the Federal Reserve will replace QE with aggressive forward guidance, and make it clear that rates [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 3 week FREE trial to get instant access.