EUR/USD has come off a little (and USD/JPY higher)
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While correlation is not necessarily causation the chatter in the markets is that Jon Hilsenrath’s latest in the Wall Street Journal may be having an impact: Next cut in Fed bond buys looms
Reduction to $65 billion could be announced on Jan. 29 (non-gated)
The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks as a lackluster December jobs report failed to diminish the central bank’s expectations for solid U.S. economic growth this year, according to interviews with officials and their public comments.
A reduction in the program to $65 billion a month from the current $75 billion could be announced at the end of the Jan. 28-29 meeting, which would be the last meeting for outgoing Chairman Ben Bernanke.
