Fundsters wondering what to make of the Fed's decision last week to delay tapering its quantitative easing program may want to turn to Ken Taubes.

In a statement issued today, the Pioneer Investments [profile] chief investment officer offered his take on the Federal Reserve's inaction for now, advising investors to "ignore any of the 'body language' from the Fed" and stay the course.

"We cannot be certain, but if economic data continues to improve, as we anticipate it will, tapering will be back on the agenda before year-end," Taubes stated. "We think this decision prolongs the positive market environment we have seen in both equities and fixed income." 

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