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Fed Hints on Tapering By November, Rate Hike in 2022

September 23, 2021 by Forex Winner Leave a Comment

Fed Hints on Tapering By November, Rate Hike in 2022

Source: WSJ

The Federal Reserve indicated the possible tapering of its bond-buying program in November, and the possible interest rate hike next year amid the prolonged inflation uptick. DXY is down 0.37%

  • The rate-setting committee said it could start to cut down on its $120-billion monthly bond purchases as soon as the next meeting scheduled November 2 and 3.
  • Officials are likely to cut down the buying Treasury by 10 billion and mortgage bonds by $5 billion a month, should the process start next month.
  • A formal decision has yet to be made on the tapering, but the majority of officials agreed that a gradual reduction that ends mid-2022 is likely to be appropriate.
  • Half of the officials predict a rate hike by the end of next year, higher than the seven officials recorded in June.
  • The latest predictions indicate that officials expect inflation to remain higher than expected in 2022, with most expecting increases in 2023.

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