Fed set to knock another $10B off its quantitative easing program
Breakfast with Benjamin: At Bernanke's final meeting, Fed poised to cut another $10B from its bond-buying program. Plus: CEOs struggle to manage expectations, income tax pain hits home, a tale of two homebuilder ETFs, and young folks aren't biting on the Obamacare sales pitch.
- I’m not sure what kind of economic data that Fed is reading, but apparently it sees enough of a rosy hue to justify another level of tapering. Despite sluggish GDP growth and ridiculously fuzzy unemployment numbers, the Fed seems poised to trim its bond-buying program by another $10 billion, down to $65 billion a month. Ben Bernanke’s final meeting
- In the delicate art of managing expectations, CEOs are trying to tamp down analysts’ enthusiasm, but not so much that it deters investors. The good news is, we’ve been here before. Fewer companies beating Wall Street estimates
- The brutal income tax realities of 2014: When $100K means you’re rich, and $250K means you’re filthy rich. It’s worse than the ‘keep your plan’ fib
- A tale of two homebuilder ETFs. It all depends on how you define homebuilding. Boosted by the December taper announcement
- You can lead young people to Obamacare, but you can’t make them buy it. Just 24% of enrollees are between 18 and 34
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