Page 6 - Fed Tapering News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There habgos bee has been good n by congress to eliminate the fear about the budget and reduce the sequestration. we see the fed having taken some very well communicated action concerning the tapering of the program, and those are good signs, in addition to which we see some good numbers. growth is picking up and unemployment is going down. so all of that gives us a much stronger outlook for 2014, which brings us to raising our forecast. >> so you talk about the fed tapering. what does that mean, nofor my audience that may not understand? what does that mean and what is the immediate economic ...

Reductions in unemployment. when you add that to sectors, for example, manufacturing, and housing sector and home construction, those things are very, very important. this is a very, very positive report. not where we want it to be. but it's something to build on. >> as christine reported yesterday, auto sales are way up, new home sales are way up. holiday shopping season wasn't great. but as christine pointed out, people are spending their money wore wisely and not buying stuff they don't he need. the fed is looking at the unemployment rate. it's now down to 7%. so does that mean the fed wi...

And also the geopolitical effect. it's been since december 2010. what started then? the arab spring. you've seen the oil prices above $3 a gallon. superinteresting as well. unless you see a real problem in syria, unless you see a real problem in syria we'll stay right about here. $3.51 a today. where could it go? he says, chris, here's your good news, $3. he thinks unless syria has a real conflagration in the middle east and the u.s. is involved, you'll see prices continue to come down. investor interest would wane as well. because of the fed tapering. believe it or not. gas and oil prices cou...

Now to our three big money headlines, confidence issues, hunger nation, bittersweet tooth. joining me to break it all down, contributor regina lewis. let's start with retail numbers for last month. what have you got on that? >> it has fell to a five-month low in terms of overall consumer confidence. the confidence has most -- here you see the retail numbers. not what everyone was expecting. back-to-school sales didn't really kick in. we talked about car sales. people are buying big ticket items. but something else has to give. that's overall retail. consumer confidence a five-month low. so peo...

Afraid to leave the house in the morning, if that's the case. so my request is, what happened since the recession? >> well, we've added a lot to it. and i don't think people necessarily will be afraid to leave the house, but they might be afraid to buy u.s. debt. they might be afraid to buy u.s. bonds. interestingly, investors in u.s. bonds this year have actually lost money. some of that is because of fear of the fed tapering, some because of judging the credit worthiness of the u.s. you look at the economic collapses in greece, spain, the first canary in the coal mine, if you will, is an inc...