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Economy

Fed signals tapering could begin ‘soon,’ projects interest rate liftoff in 2022

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Fed’s Powell signaled last month tapering could begin later this year

By Megan Henney

FOXBusiness

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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https://www.foxbusiness.com/economy/federal-reserve-september-policy-meeting

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