Investors Lightened Positions ahead of FOMC on Tapering Uncertainties Price actions in the financial markets indicated that investors were lightening up their positions ahead of FOMC meeting this week, as well as year end holiday in around two week's time. The House passed a bipartisan budget plan which should reduce the near term fiscal drag. And together with recent solid economic data release US, markets have perceived there is increased chance for Fed to taper the USD 85b per month asset purchase program in the last 2013 FOMC meeting. But it should be noted that there is no consensus view on the issue among analysts. And we doubt if there is consensus among Fed officials too at this point. There are arguments for Fed to taper this month and there are equally strong arguments for Fed to wait till March to act. The result of the coming FOMC meeting is highly uncertain. Full Report Here... | 
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