Perspectives on 2014: Nigel Khakoo, Nomura
It is said actions speak louder than words, but the words of the US Federal Reserve on tapering of quantitative easing (QE) have been all the market has had to go on in recent months. Many investors and dealers are now hanging cautiously on every word uttered by Fed officials, with some expectation that tapering could begin as early as this week following the final meeting of the Federal Open Market Committee this year.
But whether it begins now or sometime in the first quarter of 2014, the
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