US Fed tapers another $10 Billion to $65 Billion a month.

Ben Bernanke released his last monetary policy statement Wednesday before he retires at the end of the month and he left the market with no doubt on what the US Fed ultimately wants to do. The US Federal Reserve Committee unanimously voted at its meeting this week to reduce the stimulus program by another $10 Billion in February bringing the monthly stimulus program back to $65 Billion. In December the Fed announced it would reduce the stimulus by $10 Billion and Wednesday's decision to reduce this by another $10 Billion, making the total reduction now $20 Billion sends a clear message to the market the Fed is now fully committed to winding back the entire stimulus from $85 Billion as it sees the US economy steadily becoming more self sufficient.

Review the latest from the LTG GoldRock Team on www.LTGGoldRock.com