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Today's historic Fed day started with a whimper and ended with a roar. To the surprise of most on Wall Street the Fed announced it was tapering $10 billion from its $85 billion-per-month bond-buying program taking down Treasury and mortgage-backed security purchases by $5 billion each. Heading into the meeting various polls from investment banks and media outlets showed very low confidence in a taper.
|It's A Taper Party, Who Could Ask For More?|
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