Outlook for mac not indexing old calendars11/16/2023 ![]() The most popular starting date for the policy reversal was in the next month or two. Inflation, which has risen higher for longer than the Fed expected, has already crossed that hurdle. The FOMC minutes showed that most committee members believe that employment would be sufficient to meet the “substantial further progress” test the central bank outlined as its criterion for unwinding the emergency provisions undertaken at the outset of the pandemic in March 2020. The minutes of the September Federal Open Market Committee (FOMC) meeting on September 21 and 22 made it clear that tapering would happen despite headwinds from the Covid-19 Delta variant and disappointing recent U.S. ![]() The Federal Reserve is inching closer to reducing its bond purchases in the months to come, a process known as tapering.
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