Below is perspective on US Fed Chairman's view on tapering and interest rates By Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
When “Transitory-for-longer” inflation narrative weighs on Fed’s Reaction function
- Time to retire the word Transitory: Powell indicates early wrapping up the QE taper – to be discussed in Dec meeting.
- Markets currently pricing in at least two quarter-percentage-point hikes in 2022 and mild possibility of a third by Dec, while the Sept Fed projections pointed to a less aggressive hikes. Those projections also will be updated in Dec.
Above views are of the author and not of the website kindly read disclaimer