Quote on FOMC Policy Outcome By Heena Naik, Angel One Ltd
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Below is quote on FOMC Policy Outcome by Heena Naik, Research Analyst - Currency, Angel One Ltd
- US Fed doubles the pace of taper to $30 billion a month.
- Signals three hikes in 2022 & another three hikes in 2023
- Fed median forecast shows three hikes in 2022, three in 2023
- Interest rates were kept unchanged at 0-0.25 percent
- They expect to keep rates at 0 until the US reaches full employment
- Faster taper allows the Fed to address full range of plausible outcomes
- Changes in economic outlook support faster taper
- Virus and supply constraints pose threats to the economic outlook
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