A flow of positive data from the US over the last few weeks makes the Federal Reserve
taper decision almost a dead certainty. Democrats and Republicans agreed on a budget which will spare the US government from another confidence damaging shut-down. Furthermore, stronger job market data earlier from the NFP and now from the JOLTS number all provide the Fed the “evidence” it needs to start tapering its $85 billion a month bond purchasing program. Will the Fed “Dectaper” or delay its decision to early 2014?