The U.S. Federal Reserve decided to withdraw $10 billion from its monthly purchases in spite of the global concerns and the slowdown in emerging markets and that concerned investors are now left “wondering” what the next “shoe to drop” will be.
The Senate confirmation hearings for the new Federal Reserve Chairman went well with the appointee, Janet Yellen stating that she agreed with the current stimulative policy. With confirmation all but completed, the "real" problems are re-emerging.
A deal was finally struck within just hours of the deadline for a U.S. budget meltdown. Unfortunately it represents a short-term fix and the problem, as described by the media ad nauseum of "kicking the can down the road" applies.