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Top stock picks for FED tapering

On Wednesday, the Fed officially announced a reduction in monthly asset purchases of $ 15 billion a month, starting later this month, with the FOMC adding that the pace of the reduction could be changed if necessary. Terminating the program by the middle of next year will lay the groundwork for raising interest rates, with the Fed keeping a close eye on the labor market and inflation. There is little precedent that could serve as an indication of how the stock market would respond to the Fed’s stimulus reduction. The first and only time the Fed used QE – when the central bank bought financial assets in the market to increase money supply and stimulate the economy – came after…

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 Junior Trader Nikolay Stoychev

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