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MNI Fed Preview - Dec 2021: Transitory No More

EXECUTIVE SUMMARY:

  • The FOMC will shift in a hawkish direction at the December meeting as it eyes rising inflation risks.
  • This shift will include a doubling of the pace of the asset purchase taper, a more aggressive rate “dot plot”, and an adjustment in the Statement language (including eliminating the word “transitory” to describe inflation).
  • The FOMC signaling more than 2 hikes in 2022, or a hiking pace faster than 3 hikes per year, would be hawkish vs expectations.


FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:

FedPrevDec2021.pdf


Source: MNI, Federal Reserve, BBG

MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com

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