bernanke tapering plan
Current issues
- The U.S. and Russia struck a deal demanding the destruction of Syria’s chemical weapons by mid-2014, with the U.S. saying it maintained a military option to ensure compliance.
- U.S. policy makers are set to meet Sept. 17-18 to review policy. The Fed will probably start tapering bond buying in September, according to 65 percent of economists in an Aug. 9-13 survey by Bloomberg. Employers in the world’s largest economy added 169,000 workers last month, less than the median forecast of economists of 180,000, last week’s report showed.
- Treasuries rose on speculation weaker-than-forecast economic growth may prompt the Federal Reserve to reduce its bond-buying program less than some investors anticipated at next week’s meeting of policy makers.
- Investors are optimistic that President Barack Obama and Congress will avoid a U.S. debt default and a government shutdown later this year. More than three in five say they are very confident or fairly confident that a default will be averted, while 55 percent say the same for a shutdown.
So, we have to get ready for “The Fed Tapering announcement”. I think short-term trading is the best way to earn small profit. I prefer to big capitalization stocks such as: Telkom (TLKM), and Astra (ASII).
May Allah bless us
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