Welcome @RaheelSiddiqui @deysmacro
, we keep three things in focus for measuring FED Tapering stance.
1. If Non-Farm Employment Data in September will come in double digit or less in number.
2. Retail Sales Data, increase in retail sales percentage or data will come better than forecast.
3. Ten Year Government Bond Yield, Significantly increase in 10-year Bond yield.
The reason by which FED delayed tapering was due to bad retail sales number, but in September it will likely to happen as many of the FED members are in favour of tapering ( to close quantitative easing program) and take some risk to accelerate economy with a greater pace, the second quarter GDP was 1% that is not enough for US Economy to boost its economy and to control the rising ten year bond yield that steps need to be taken. This prudently effect the emerging market as all of us have seen in August. The economies which are in current deficit has to taken such measures by which they control their economies and those are in surplus account will not be effected as much as those are in deficit.