Global Macro Service > Research Briefings > United States

FOMC meeting: Slightly more hawkish

The FOMC policy statement and Fed Chair Powell signaled that QE tapering will likely be announced at the November FOMC policy meeting and finish by mid-2022. The start of tapering in November would be slightly ahead of our expectation, but in line with our view that the tapering of asset purchases likely spans eight months and consists of a proportional reduction in both Treasury and MBS purchases. Still, a debt ceiling crisis could delay tapering plans.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below