Once the Fed began tapering in December, rates actually trended lower. (dailytradealert.com)
In this case, markets reacted to then - Chairman Bernanke's musing that the Federal Reserve was beginning to evaluate when the time would be right to begin the tapering of the Fed's asset purchase program. (newyorkfed.org)
With the unemployment rate dropping, Fed policymakers began tapering the $ 85 billion in monthly purchases, reducing them by $ 10 billion in December and again in January. (baltimoresun.com)