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(MNI) WASHINGTON
  • Is the taper pace accelerated? What is the new pace? YES. Taper doubled to $30B per month.
  • Will the faster taper start in January? YES
  • Does the Fed explicitly mention the taper ending in March? NO
  • Median projection of Fed funds at the end of 2022/2023/2024/Long Run? 0.9% (2022); 1.6% (2023); 2.1% (2024). 2.5% (longer run).
  • Median core PCE inflation in 2022/2023? 2.7% (2022); 2.3% (2023).
  • How many 2022 dots are above (not equal to) 0.625%? Above 0.875%? 12 dots above 0.625% (vs zero in September SEP). 2 dots above 0.875%.
  • How many 2023 are above (not equal to) 1.375%? 11 dots (vs 3 in September SEP).
  • Any dissents to the decision? NO
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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