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FOMC Ignores EM Crisis, Tapers Another $10 Billion – December Statement Redline

GIH: $10 Billion in more taper from the Fed, indicates further tapering.  A bold move against the backdrop of the crisis in emerging market currencies, which caused a stock market sell off and EM Currency sell off.  Unlike many market analysts, The Fed “Sees Growth”: WASHINGTON — The Federal Reserve announced Wednesday another $10 billion […]

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