Stocks have hit some turbulence this week, and it’s tempting to pin the blame on a streak of upbeat economic news: Rising payrolls (boo!), falling unemployment (hiss!), improving retail sales (come on!) and a two-year budget agreement in Washington (enough!).
Together, this good news builds a case for the Federal Reserve to taper its bond-buying program, known as quantitative easing or QE, as early as next week – and definitely by early next year.