WisdomTree: Federal Reserve Tapering Part I: Emerging Market Currency Performance
August 07, 2014 at 10:39 AM EDT
On December 18, 2013, the Federal Reserve (Fed) announced that it would begin to reduce the pace of its asset purchase program through a series of gradual steps referred to as “tapering“. When this program was first hinted at some seven months prior, U.S. interest rates rose rapidly through the end...
