NEW YORK ( TheStreet) -- The big news out of the Federal Reserve meeting on Wednesday was that Fed officials have chosen not to taper just yet. That led to a spike higher in almost all asset classes.To look at the fundamentals, there was a strong case against tapering now. Although this is in hindsight, that the Fed reduced its growth outlook yesterday was the first signal that tapering was probably not yet on the table.
Global Macro: The Fed Doesn't Taper for Good Reason
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