Fed commits to staying behind the curve for now
Saxo Market Call
Summary: Today we look at the market getting what it wanted from the FOMC, as the Fed delivered the expected pace of QE purchase tapering, even if it reserved the right to shift the pace at future meetings if warranted. Our belief is that it will prove more than warranted and we take you through the rationale in today's podcast. Also a look at the drivers of the collapse in oil prices yesterday, concerns on rising food prices and credit spreads in China, thoughts on fixed income after the FOMC and on the Bank of England meeting later today, earnings highlights and more. Today's pod features Althea Spinozzi on fixed income, Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy hosting and on FX.
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