US puts tapering on hold

Taha Lokhandwala on what the Federal Reserve’s decision to maintain QE means for markets

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Europe woke up to a surprise last week as the US Federal Reserved shocked investors and sent stock markets up with news of continued quantitative easing (QE).

Financial markets widely expected an announcement from Federal Reserve chairman Ben Bernanke (pictured) to begin clawing back its liquidity programme to around $15bn (£9bn) a month. However, the re...

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