Sep
23

Increased Inflation

Despite the Federal Reserve’s interest rate setting committee expecting slower growth this year than they did when they met in June, they strongly signaled that they plan to begin tapering their monthly purchases of Treasuries and mortgage-backed securities as early as 11/21 and end them by 22Q3. They then anticipate raising rates soon thereafter. This faster tightening of monetary policy is the result of higher and more persistent inflationary fears.

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