Sans Tantrum, Please

The Fed will formally unveil plans to taper monthly bond-buying this week, with designs on completing the exercise by July. By most accounts, the pace of asset purchases will decrease by $15 billion per month (figure below), reaching zero in June. The decision comes a week after data betrayed a sharp deceleration in US economic momentum, and just days before the October jobs report is expected to show the economy added 400,000 positions last month. "We expect the process of tapering to comm