Following the weaker-than-expected U.S. unemployment report for September, the Federal Reserve will likely delay tapering its $85 billion-a-month bond-buying program until March, according to Goldman Sachs.
“Although December remains a possibility, this report makes it more likely that the Fed pushes the first reduction in the pace of its asset purchases into 2014,” economists at the bank wrote in a note late Tuesday.
“While the uncertainty is considerable, we think that March is the most likely date under our economic forecast, and the assumption that the next set of fiscal deadlines proves less disruptive than the most recent set,” they added.
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