FOMC Meeting

With the GDP miss of today, which was known by the Fed already yesterday, the market (Treasuries) is reacting as if the Fed will decide on tapering the tapering. We could very well get a delay of tapering until GDP shows a bounce.

Copper is down because of the GDP miss. How can the Fed really taper in that environment?

I would not be too much short going into what could be a surprise FOMC announcement due to the GDP miss.
On the other hand, if we have continued tapering even though GDP missed, then the market will not like it.



Pascal

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