Image:
Interest rate hikes are expected to follow soon after the tapering, marking a divergence from the Fed’s so-far dovish approach to inflation.
The Federal Reserve has signalled support for three interest rate rises next year following the conclusion of the Federal Open Market Committee’s (FOMC) two-day policy meeting on Wednesday (15 December).
FOMC chose to keep rates low, at between 0 and 0.025%, but hinted at bolder action over the course of 2022 and released a statement yesterday outlining an acceleration of its bond tapering programme...
To continue reading this article...
Join Investment week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
