Daily News: July 23, 2013

Bernanke Seen Tapering QE to $65 Billion

Bloomberg reported that Fed Chairman Ben S. Bernanke in September will trim the Fed’s monthly bond buying to $65 billion from the current pace of $85 billion, according to a growing number of economists surveyed by Bloomberg News.

Bloomberg said that half of economists held that view in the July 18-22 survey, up from 44% in last month’s poll. Even as expectations of a September taper rose, 10-year Treasury yields continued to fall last week from an almost two-year high after Bernanke said reducing bond-buying wouldn’t constitute policy-tightening.

To read the full Bloomberg story click here.