Economists: The data is good enough, the Fed is ready to pull-back
A non-gated article from the Wall Street Journal with comments from various economists: Economists React: Good Enough for the Fed to Pull Back
Most economists saw the employment growth as strong enough to lead the Federal Reserve to start pulling back — “tapering” — its $85 billion-a-month bond-buying program this fall.
Have a read of the forecasts … what do you think?
(My thoughts are the Fed is not looking to the data for reasons to ‘taper’, they are looking at the data to see if there are reasons not to taper – so even if the data is just moderately good, expect tapering sooner rather than later. September is looking good – data dependent, of course).