BofA Merrill Lynch Global Research – An Economics Report from Michael S. Hanson Friday, 25 October 2013
• After a “close call” in September, we expect no policy actions in October as Fed officials assess the post-shutdown data.
• We expect the October minutes to reveal continued debate over conditions to taper and potential changes to forward guidance.
• Our base case is a $10 bn taper in January, but we have a rather flat distribution over possible taper start dates in 1H 2014
Read the full report here.