Markets awaiting Federal Reserve's comments on QE tapering
Panmure Gordon market commentator David Buik tells NDTV Profit that while tapering of stimulus by the US Federal Reserve is not that far in the future, actual rate increases are more of a 2015 scenario. In the near term, it's the guidance on the pace of tapering that the market is looking for. The Fed concludes its two-day meeting tomorrow and is scheduled to hold a press conference afterwards.
