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WSJ Write That Fed Are Preparing for November Taper

FED
  • WSJ write: "Federal Reserve officials will seek to forge agreement at their coming meeting to begin scaling back their easy money policies in November.
  • "Many of them have said in recent interviews and public statements that they could begin reducing, or tapering, their $120 billion in monthly purchases of Treasurys and mortgage-backed securities this year.
  • "While they are unlikely to do so at their meeting on Sept. 21-22, Fed Chairman Jerome Powell could use that gathering to signal they are likely to start the process at their following session, on Nov. 2-3."
  • The article is broadly inline with expectations, and would put the Fed on track to conclude their current asset purchase programme by the midpoint of 2022.
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