Federal Reserve Won't Taper Economic Stimulus

The Federal Reserve won't announce a taper of its economic stimulus program in December at Wednesday's meeting. Janet Yellen has indicated that she will tie the taper to improvement in unemployment, and while the unemployment rate has dropped slightly in recent months, it has not been significantly reduced. The taper will most likely happen in 2014, Ronald Gelok Associates' Ronald Gelok tells TheStreet's Joe Deaux. Market confidence and China buying U.S. debt will also have an impact on when the Fed will begin tapering.