Fed’s Powell signaled last month tapering could begin later this year
By Megan Henney
Fed giving clues on taper timeline could be ‘net positive’ for the market: Expert
Potomac Wealth Advisors founder and president Mark Avallone argues the underlying economy is strong enough to handle a ‘slight’ interest rate hike.
The Federal Reserve signaled at the conclusion of its two-day meeting this week that it could soon start slowing its aggressive bond-buying program, the first step that policymakers will take to dialing back pandemic-era support for the U.S. economy.
If the economy continues making progress toward the U.S. central bank’s goals on inflation and employment, “the committee judges that a moderation in the pace of asset purchases may soon be warranted,” the Federal Open Market Committee said in its post-meeting statement, released Wednesday.
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