TGT - Wall Street Breakfast: Taper Talk

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Taper talkThe recent market decline is picking up some steam, with the majority of Fed officials signaling that the central bank could start dialing back on pandemic stimulus programs. That's according to minutes from the July meeting of the FOMC, which said a move to pare $80B/month in Treasuries and $40B/month of mortgage securities could happen this year. While there's still debate regarding the timing and pace, officials said tapering would not necessarily mean an imminent rate increase.Movement: U.S. stock futures slid another 1% overnight on the news, after the major averages closed 1% lower on Wednesday. Things don't look better in Europe, where the Euro Stoxx 50 fell over 2%, or in Asia, where the Hang Seng closed down by the same amount."While there is

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Wall Street Breakfast: Taper Talk