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Wednesday, December 18, 2013

Monetary

News                                                                                                                             
Bloomberg | Fed Decision Day Guide From Tapering QE to Employment Thresholds
Here’s what to look for when the Federal Open Market Committee releases its statement today at 2 p.m. after a two-day meeting in Washington. The panel will also provide new economic forecasts, and Federal Reserve Chairman Ben S. Bernanke will hold a news conference at 2:30 p.m.
WSJ | Low Inflation Tests World's Central Banks
Inflation is slowing across the developed world despite ultralow interest rates and unprecedented money-printing campaigns, posing a dilemma for the Federal Reserve and other major central banks as they plot their next policy moves.
CNBC | What the Fed meeting could mean for the dollar
The outcome of Wednesday's Federal Reserve meeting is expected to set the tone for trade in the U.S. dollar heading into 2014, whatever decision is reached on the highly-anticipated tapering of monetary stimulus.

Econ Comments & Analysis                                                                                            
Investors | Fed Monetary Policy Can't Solve Our Economic Ills
The final meeting of the year for the Federal Reserve's Open Market Committee will ideally result in the Fed finding a way out of its asset purchase, or Quantitative Easing (QE), program.
Market Watch | The case for the Fed tapering today
To sum up why I still say the Federal Open Market Committee will start tapering its bond-buying program at the end of its policy meeting this afternoon: It’s because it can.

Blogs                                                                                                                             
Economist | Time for taper?
Tomorrow your correspondent will board a plane back to America for a holiday sojourn. I will be in flight when the Federal Open Market Committee announces...whatever it is it will announce.
WSJ | A Look Inside the Fed’s Balance Sheet
As the Federal Reserve debates whether to keep buying $85 billion of bonds a month, the assets on its balance sheet are on the cusp of surpassing $4 trillion for the first time.