Septaper Surprise: Will Fed Still End QE Completely By The Middle Of 2014?

Peter P. Costa, president of Empire Executions, Inc., weighs in on the Federal Reserve's decision not to taper the central bank's $85 billion-a-month bond-buying program at the Federal Open Market Committee's (FOMC) September 17-18 policy meeting. Fed Chairman Ben Bernanke has previously stated he expects to begin tapering off asset purchases later this year, and to end them completely by the middle of 2014. Costa also discusses the economic calendar this week, as investors will look to a variety of housing data and the final revision of second-quarter U.S. gross domestic product (GDP).