Reaction To FOMC Minutes

The FOMC members think tapering could start in November or December, explains Dan Deming of KKM Financial. He discusses that the "substantial further progress" standard had been met, and that a gradual reduction of the pace of the Q.E. purchases may soon be "warranted." He notes the possibility of starting rate hikes by the end of 2022. I thinks earnings will be the next driver for the market.

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