MutualFundWire.com: El-Erian Thinks Fed Still Plans to Taper Soon
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, September 13, 2013

El-Erian Thinks Fed Still Plans to Taper Soon


Pimco's [profile] Mohamed El-Erian is talking again.

This time he's talking about why the Fed is going to start tapering soon.

Bloomberg News reports that El-Erian wrote on the Pimco site, "In all likelihood, the Fed will taper for a mix of reasons…It will likely be comforted by the notion that the American economy continues to heal, but also frustrated by the gradualism of the recovery and the threat of collateral damage."

Bloomberg writes that although there isn't exactly mounting evidence that the economy is "strengthening decisively," the market has already factored in a Fed policy change, which makes Treasuries a tainted investment at the moment.

To read more, click here.


Printed from: MFWire.com/story.asp?s=46037

Copyright 2013, InvestmentWires, Inc.
All Rights Reserved
Back to Top