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The Fed ditches one of its crutches
Weekly investor research
23 December 2013
Ukraine plays the crisis card and scores big. The Indian central bank’s growing assertiveness is refreshing and welcome. Rising
political noise in Turkey could have positive unintended consequences for economic policy. And the Fed deems the US economy
capable of walking with one less crutch – the commencement of tapering is good news, because it reduces one of the largest
sources of uncertainty in global markets today.