With budget and debt issues front and center over the past couple weeks, the spotlight has been taken off the Fed. Considering how the debt drama played out, and the fact that we will be caught in this drama again at the beginning of 2014, it's unlikely that we will see tapering in December. The December Fed meeting will be the last with Bernanke as Chairman. Pending confirmation, it will be Yellen moving forward, and she is well known for her dovish stance.
Article Category: Inflation
The art of technical analysis is the ability to identify trends in markets with enough accuracy and foresight to allow us to capitalize on them. The measurements and indicators used to determine these trends are not perfect nor infallible. The astute analyst must at all times be aware of noise and disturbances that can alter the reliability of certain price movements to accurately reflect the inherent trend. While most of Washington's nonsense can usually be classified as "noise" and be dismissed as already discounted in prices, critical junctures like the one we are at are different.