• 周六. 1月 22nd, 2022

U.S. Fed announces faster tapering of asset purchases amid rising inflation

adminp4mrw

12月 19, 2021

U.S. Fed announces faster tapering of asset purchases amid rising inflation

–TheannouncementputtheFedontracktoendassetpurchasesbyMarch,earlierthaninitiallyexpectedofJune.–FedofficialsmedianinterestrateprojectionsreleasedWednesdayshowedthatthecentralbankcouldraisethebenchmarkinterestratethreetimesnextyear,,(Xinhua)–nksassetpurchaseprogrambeginninginJanuaryamidtherisinginflation.”Supplyanddemandimbalancesrelatedtothepandemicandthereopeningoftheeconomyhavecontinuedtocontributetoelevatedlevelsofinflation,”theFederalOpenMarketCommittee(FOMC),theFedspolicy-makingcommittee,saidinastatementafteratwo-daypolicymeeting.”Inlightofinflationdevelopmentsandthefurtherimprovementinthelabormarket,”thecommitteee-backedsecurities,startingwiththemid-Januarypurchaseschedule.”TheCommitteejudgesthatsimilarreductionsinthepaceofnetassetpurchaseswilllikelybeappropriateeachmonth,butitispreparedtoadjustthepaceofpurchasesifwarrantedbychangesintheeconomicoutlook,”chasesbyMarch,earlierthaninitiallyexpectedofJune.”Wearephasingoutourpurchasesmorerapidlybecausewithelevatedinflationpressuresandarapidlystrengtheninglabormarket,theeconomynolongerneedsincreasingamountsofpolicysupport,”FedChairmanJeromePowellsaidWednesdayafternoonatavirtualpressconference.”Inaddition,aquickerconclusionofourassetpurchaseswillbetterpositionpolicytoaddressthefullrangeofplausibleeconomicoutcomes,”,someFedofficialsandeconomistshaveurgedthecentralbanktoacceleratethepaceoft(CPI),thefastestannualpaceinalmost40years,medianinterestrateprojectionsreleasedWednesdayshowedthatthecentralbankcouldraisethebenchmarkinterestratethreetimesnextyear,,owlevelofnearzerosincethestartofthepandemic.”Thebarforratehikesnowrestssquarelyonthelabormarket,withthestatementindicatingthattheinflationthresholdevenundertheFedsnewflexibleregimehasbeenmet,”SarahHouseandMichaelPugliese,economistsatWellsFargoSecurities,saidWednesdayinananalysis.”Marketpricingoverthenexttwoyearsisroughlyinlinewiththemedianprojectionforsixcumulativeratehikesthroughyear-end2023,butbeyondthatmarketsarepricedforverylittleadditionaltightening,”theynoted.。