Free Trial
US TSYS

FOMC Day, Qtrly Refunding and Solid Data Docket

OIL PRODUCTS

US Product Imports from India to New York Surge in Jan

US 10YR FUTURE TECHS

(H3)‌‌ Watching Support At The 50-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Question On Whether There Are Worries Of Repeating The Taper Tantrum

FED
  • Q: What about worries of repeating the taper tantrum?
  • A: There were multiple taper tantrums; the famous one in 2013; the December 2018 meeting... We had developed a practice of moving predictably and moving in steps. We were trying to avoid a tantrum - they can be quite destructive, tighten financial conditions and knock the economy off kilter. Both '13 and '18, really had consequences for the real economy, you know, two, three, four months later. We were trying to avoid that.
  • When inflation changed direction - really, in October - we moved quickly since then. Before then, inflation was coming down month by month and we thought we probably had the story right. I think in October, you started to see a range of data that said no, this is a much stronger economy and much higher inflation than we'd been thinking. We pivoted and here we are.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.