After debt debacle, tapering to be delayed: Schroders

KUALA LUMPUR: The Federal Reserve will likely delay bond purchase tapering until March, possibly even June, following the political brinkmanship and shutdown of the US government which has “delayed, distorted and depressed” economic data, says Schroders Investment Management.

According to the asset management firm, the shutdown will have depressed US growth as although workers will receive back pay and contractors can get back to work, there will be many who have lost out on spending that will not return.