AXS Investments Insights - Markets & Economy August 2021
August 2021 - Hedge Fund
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How Federal Reserve Tapering Can Impact Portfolio Decisions
By Greg Bassuk, Chief Executive Officer, AXS Investments
Investors Should Get Ahead of the Fed’s Quantitative Easing Changes
On May 22, 2013, then-Federal Reserve Chairman Ben Bernanke reaffirmed a new term into the lexicon of American finance: TAPERING
During Congressional testimony, Bernanke said that the U.S. central bank could soon taper or cut its massive bond-purchasing program called Quantitative Easing (QE).
In the following months, investors waited for the Fed to act.
Instead, Bernanke’s focus on economic data drove investors to expect that the bank would start cutting its QE buying in the final months of 2013 and continue into the following year.
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