DIVIDEND INVESTING ALERT FOR THE WEEK ENDING 12/20/2013

Posted on December 20, 2013 | Dividend Investing

The big financial news this week was obviously the Federal Open Market Committee’s (FOMC) decision to taper its bond purchases. Monthly purchases of agency mortgage-backed securities and longer-term Treasury securities will each be reduced by $5 billion, to $35 billion and $40 billion, respectively. Future reductions in purchases by the Fed are likely, though current forecasts suggest more than $400 billion in bonds could still be purchased in 2014.

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