US data has been pro-tapering: Lloyds Bank
U.S. jobless claims unexpectedly fell last week and the November consumer confidence improved from a preliminary reading, while the Chicago PMI held up better than expected last month after surging in October. A soft October durable goods report was the only dent to an otherwise upbeat set of figures. Trevor Williams, Chief Economist with Lloyds Bank tells NDTV Profit that these data points were pro-tapering, despite the weakness in the durable goods data.
