Er... what is tapering?
Where do you see this?
Media reports, especially those relating to economics and financial markets.
What does it mean?
Tapering refers to the cutting back of the United States Federal Reserve's massive money-printing measures. The central bank has been pumping in US$85 billion (S$106 billion) monthly by buying bonds, and this is aimed at aiding US economic recovery.
Tapering was widely expected to be announced earlier this week, but the Fed surprised many by saying that the US economy was still not strong enough for that to occur.
Why is it important?
The removal of these measures mean that the US economy is strong enough to stand on its own feet. However, it is also expected to rock financial markets in the short term.
So you want to use the phrase. Just say...
"The Fed's tapering of its massive bond purchases is expected to start soon, thereby causing short-term volatility in stock markets."
invest, The Sunday Times, September 22 2013, Pg 34