No Action by Federal Reserve Signals its Level of Worry

Belpointe Chief Strategist David Nelson believes that the latest economic data, including Tuesday's durable goods numbers could cause the Fed to back off its intent to taper.
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The Federal Reserve begins its two-day FOMC meeting today and the last for Chairman Ben Bernanke. Market watchers are whispering about an additional $10 billion taper, but Belpointe Chief Strategist David Nelson believes the latest economic data, including Tuesday's durable goods numbers, could cause the Fed to back off its intent to taper. Nelson thinks if the Fed chooses not to increase the taper amount and has no action, it means they are worried.

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