Federal Reserve Announces More Aggressive Taper Schedule, Purchases To Be Over By Mid-March, Transitory Retired

As most Fed-watchers expected, the persistently high inflation numbers and building hawkish chorus on the committee resulted in the FOMC shifting course and speeding up the pace of the tapering of asset-purchases. Inflation has been persistently above the targeted levels. This coupled with improvements in the labor market appear to have made the FOMC willing to speed the pace of decline in what has been the most accommodative posture in the history of the world’s most important central bank.

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