Dtail
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It's all simply for show. You also have to look closer at the words and the messaging. It's not exactly going from $15B per month reduction to $30B per month reduction - it's $15B per month reduction maximum to $30B per month reduction maximum. They have still left themselves able to do whatever they want. Whether they do reduce by the maximum amount each month is to be seen.
My belief is that they're going to go their merry way until the stock market reacts negatively. Then, same as 3 years ago, they'll stop in their tracks and focus on supporting the stock market...which is not part of the Fed's mandate.
Interest rates are ultimately not going to move very much higher.
Hopefully there is just enough temporary blip up in rates and then catch that rate to lock in for X number of years.