Another decline in unemployment in November is on track for the Federal Reserve to accelerate the end of stimulus at its meeting later this month, paving the way for raising interest rates early next year to curb inflation. rice field.
At last month’s meeting, the Federal Reserve released a chapter on aggressive pandemic policy responses when it approved plans to reduce or reduce its $ 120 billion monthly asset purchase program by $ 15 billion in November and December, respectively. It’s closed. At that pace, asset purchases will end in June next year. The Fed wants to close the purchase of assets before raising interest rates close to zero.
Lower unemployment keeps supply on track to accelerate taper
Source link Lower unemployment keeps supply on track to accelerate taper