Sunday, September 15, 2013
Wall St – The week ahead
"Months of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds". "The Fed needs to move from being aggressively stimulative to merely very stimulative," said Leo Grohowski at BNY Mellon Wealth Management in New York". Meanwhile, Lena Komileva, chief economist at G+ Economics in London said "I suspect the resolution to international tensions over Syria will continue to undercut back defensive long positions in the U.S. dollar and gold".