Markets have been watching closely for signs of the Fed taper — when the Fed will begin slowing down its $85 billion asset purchase program that is intended to lower long-term interest rates.
Hilsenrath writes that this comes after today’s jobs report came in “good-but-not-great”. From Hilsenrath:
“Federal Reserve officials are likely to signal at their June policy meeting that they’re on track to begin pulling back their $85-billion-a-month bond-buying program later this year, as long as the economy doesn’t disappoint.
“A good-but-not-great jobs report Friday ensured officials wouldn’t want to act right away and would instead want to see more data before taking a delicate step toward winding down the program.
Business Insider Emails & Alerts
Site highlights each day to your inbox.