Flash: QE Exit, The Bottom Line - Nomura

FXstreet.com (London) - Nomura economists have reflected on last night upbeat FOMC economic projections and the Policy Statement given by Fed Chairman Ben Bernanke.

Overall they note that today, markets have a better sense of where the FOMC is going. Additionally, greater clarity about policy should, over time, help to reduce volatility. However, they write, “But the content of the message delivered today is that the FOMC is further along in its thinking about “normalizing” the stance of monetary policy than we had anticipated.”