Septaper

Tim Duy over at Fed Watch surveys the most recent economic data, concluding that the end of the September FOMC meeting is still the most likely taper date. Nothing too surprising here; at this point the market has pretty much priced in the start of the end of QE (bond yields have been rising steadily since taper talk began at the end of May/early June).

As Duy points out, even though the economic data points to the continuation of our fairly steady but lackluster recovery (upward revision to Q2 growth; 3 month inflation trending upward; etc), economic growth and economic data in general has been far too meek to justify talk of taper–for some reason, however, there hasn’t really been any significant opposition to Taper Talk at the Fed. More disappointing results from our economic policymakers–fun stuff.

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