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Release of August Jobs Report is D-Day for Tapering
Posted By kurtnimmoadmin On August 9, 2013 @ 2:00 pm In Economic Crisis | Comments Disabled
August 9, 2013
It’s becoming increasingly clear that Friday Sept. 6 is D-Day for tapering.
That’s the day the August jobs report will be released and voices out of the Federal Reserve in recent days have indicated that even decent numbers are likely to prompt the central bank to begin scaling back its $85 billion-a-month bond-purchase program at the Fed’s meeting later that month.
All summer the unified message out of the Fed has conveyed the point that tapering won’t begin until the move is justified by economic data that suggests the U.S. economy is gaining significant momentum.
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