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FED
  • Changes to Fed Funds / Interest on Reserve Balances (IORB) / ON RRP? NO
  • Does the Fed NOT announce a taper? NO
  • If a taper plan is announced, is the pace different from $10B Tsy / $5B MBS per month? (If so, what?) AS EXPECTED.
  • Does the Fed specify the taper will begin in mid-November or mid-December? YES. "MID-NOVEMBER."
  • Does the Fed specify the reductions will be conducted per month or per meeting? PER MONTH.
  • Does the Fed alter the sentence "Inflation is elevated, largely reflecting transitory factors"? YES. "Inflation is elevated, largely reflecting factors that are expected to be transitory. Supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors."
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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