Market Wrap For December 18: Markets Surge Following the Fed's Taper Announcement
December 18, 2013 at 16:46 PM EST
After much anticipation and heavily speculation the Federal Reserve announced a $10 billion per month taper. Treasury purchases will be cut to $40 billion per month with MBS purchases cut to $35 billion per month. The Fed's move shouldn't come as a surprise as recent economic data and employment figures pointed