We expect the FOMC to taper asset purchases either at the June or September meeting. In our view, the FOMC at its June meeting will either taper asset purchasing or explicitly signal (in its post-meeting statement, for example) that a reduction in the pace of asset purchases is coming soon.
China: Slowdown continues - and it's for the best
Eurozone: France joins Club Med
US: Fed to taper QE in the next few months
Sweden: Outrunning peers but recovery still at a distance
Bond market: Long bond yields set to rise at a moderate pace