Fed Is on Path to End QE, but Stay on Course: Joy

David Joy, the chief market strategist at Ameriprise Financial, discusses the end of the Fed's QE program and its implications for the market. He highlights concerns about global economic growth, particularly in Europe, and the impact on the US economy. The discussion also covers the recent stress tests conducted by the ECB, their credibility, and the potential economic implications. Finally, expectations for the upcoming Fed meeting are addressed, focusing on potential changes in language and policy direction.

What is the significance of the stress tests mentioned in the discussion, according to the strategist?

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What changes in the Federal Reserve's statement does the strategist anticipate during their upcoming meeting?

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