Remarks from Citi come via eFX.
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- There are broad expectations that the December 15 FOMC meeting will see an acceleration of tapering from January, which would see purchases end as soon as March. The timeline is consistent with pricing in US swap markets in terms of rate hikes that could follow
- CitiFX says that the market reaction depends on the context - the Fed won't be dovish but we think much of their hawkishness is now priced in
