Fed to shutter pandemic support asset purchases by end-2022

StreetInsider2021-07-16

BENGALURU (Reuters) - The Federal Reserve will shutter its asset purchases programme by end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next ...

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Comments

2020TS
2021-07-16
2020TS
Who to follow, so many analyst ideas.
Kimmct
2021-07-16
Kimmct
?
davloh
2021-07-16
davloh
What’s that
Cknight2021
2021-07-16
Cknight2021
Like
- Zhiwei996:
  Cools
ZEROHERO
2021-07-16
ZEROHERO
Keep the printer running! ? ? ?
firenite
2021-07-16
firenite
Good

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While inflation was then predicted to ease to average 2.3% and 2.1% in 2022 and 2023, respectively, it would be above the Fed's target rate of 2.0%.\nOn benchmark interest rates, the poll consensus pointed to no change through to the end of next year.\nBut a larger number of economists polled predicted at least one 25 basis point rise in the federal funds rate by end-2022 compared to last month.\nThe median of a smaller sample showed two rate hikes in 2023 - lining up with the Fed's own dot plots - compared to just one 25 basis points increase predicted in June.\n\"U.S. policymakers have shifted their viewpoint to a 2023 start point for interest rate increases, but we think that is too late,\" added ING's Knightley, who predicts two rate hikes in the second half of 2022.\nReuters poll graphic on the U.S. inflation, economic growth and unemployment outlook: https://tmsnrt.rs/3hIbbwy\nDespite expectations for a robust economic recovery and about an average 400,000 jobs to be added 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