The Federal Reserver chairwoman, Janet Yellen, said that the Fed will continue to purchase at a rate of $35 Billion per month. Shaving off $10 Billion in stimulus per month.

This is still a total of $420 Billion per annum.

This will have affects on international equities and monetary policies.

When the Fed announced its QE policy capital and emerging market flows shifted. A dislocation from trends. The tapering in monetary easing from the Fed, Japan continuing its strong stimulus and Europe getting itself ready to ease has markets and participants perplexed.