Dollar Falls to Lowest Since February as Fed Retains Stimulus – Bloomberg 09-20-13

Salient to Investors:

Win Thin at Brown Brothers Harriman said the knee-jerk buying of emerging-markets stocks has run out of steam for now, but tapering still looms.

Joseph Lavorgna at Deutsche Bank Securities said the Fed will likely begin tapering in December and end QE by mid-2014 and increase its fed funds rate target in mid-2015. Lavorgna said the economy can handle higher interest rates because yields remain extraordinarily low, households expect higher rates, and a steeper yield curve is encouraging bank lending.

Most economists expect the Fed to taper in December.

Read the full article at  http://www.bloomberg.com/news/2013-09-21/dollar-falls-to-lowest-since-february-as-fed-retains-stimulus.html

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