Updated: Edge of our seats, economists eyes on FOMC meeting

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.