The Fed’s December meeting

November 30th, 2013|by Michael Ashley Schulman, Perspectives, The Big Picture|

The Fed’s December meeting combined an announcement of tapering with a dovish message on forward interest rate guidance. Although it did not drop the unemployment threshold from 6.5%, it did use new language confirming that the target rate will be held near zero “well past the time that the unemployment rate declines below 6-1/2 percent, […]