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The mainstream financial headlines generally regurgitate what the Fed wants to message. While certainly 'most' were surprised, many weren't.

Tapering was dependent on econ data, which simply hasn't been there to support it. I know plenty of people who were betting that it wouldn't happen, myself included. Good overview of why from before the announcement here:

http://www.moneyweb.co.za/moneyweb-safm-market-update/r-1805



Yes - most journalists/analysts prefer to be wrong together than wrong alone, so there is usually a lot of groupthink. The previous fed minutes suggested that most members wanted to wait to taper, unless data improved, and data didn't improve. It seemed obvious to me that the taper was nowhere near a done deal.




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