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Fed Tells Markets ‘Get Ready for Taper’
The FOMC meeting for September concluded on Wednesday with Powell sending a very clear message to markets: the taper is going to happen. While no specifics were given on timing, the implied message was that they would start by the end of this year given the fact they want to be done tapering by end of 2022. This will likely be the last time they taper then raise rates in anticipation of one more round of exponential easing before we hit a long-term inflationary cycle marked with rising interest rates for decades.
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#fed #fomc #taper
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