Financial Times – 12/19/13

December 20, 2013  |   Financial Times,In the News   |     |   0 Comment

“For the time being the Fed is doing a good job with its forward guidance but if the economy cranks up, they will look foolish saying rates will stay low for longer,” says Michael Kastner, managing principal at Halyard Asset Management. “No matter what the Fed may say, the market will price in a closer start date for rate hikes if the data warrants that reaction.”

Fed deftly swaps tools to investor applause