Provided By: Lindsey M. Piegza, Ph.D., Chief Economist
“Fed to Offer Forward Guidance”
"The November FOMC meeting minutes showed officials’ efforts to begin to prepare the market for potential adjustments to the Fed’s asset purchase program. The discussion last month, however, offered little clarity of what changes may come, if any, or the timeline for any adjustments with the final meeting of year just five days away. Some officials suggested the Committee could ramp up purchases from the current $120 billion monthly pace if deemed necessary to provide further accommodation, while others indicated a preference for extending the duration without increasing the size of purchases. At present, however, most participants generally saw the current pace and composition of the central bank’s securities program as “effective in fostering accommodative financial conditions.” Although, it was noted that circumstances could “shift” to warrant future adjustments"
The full report is available here.
Stifel Financial Corp. is a diversified financial services holding company that conducts its business through several wholly owned subsidiaries. Its primary broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, is a full-service brokerage and investment banking firm established in 1890. Stifel Financial Corp. was formed as a holding company in July 1983 and is publicly traded on the New York Stock Exchange under the symbol "SF."