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Entering 'mid-portion' of Fed cycle: Pro

Thursday, 19 Dec 2013 | 11:00 AM ET

"The Fed will be reactive to data and will begin to repurchase if economy begins to slow," says Richard Bernstein, Bernstein Advisors CEO. Ward McCarthy, Jefferies & Company chief U.S. financial economist, weighs in on the Fed's taper move and the today¿s market conditions.