12-01-2021 03:10 PM | Source: Emkay Global Financial Services Ltd
Perspective on US Fed Chairman's view on tapering and interest rates By Ms. Madhavi Arora, Emkay Global Financial Services
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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.

 


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