Updated: Edge of our seats, economists eyes on FOMC meeting
Published in
Nov 1, 2021
Improvement in pandemic progress and economic indicators stable enough to introduce the first stage of the expected taper — slow and steady. The Fed announced this week a plan to slow its purchases of U.S. treasuries and mortgage backed securities purchases by $15 billion a month (out of $120 billion, that’s still 87.5% of the previous support still on).
In this tight rope walk, a slow predictable pace will be the key.
For more background see here.