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FOMC teases start of taper “soon”

September 23, 2021

“Markets initially read the statement as hawkish, but that reaction is fading out as traders read more deeply into the Statement of Economic Projections. Fed officials acknowledged making ‘substantial further progress’ toward the central bank’s inflation goal, and demonstrated confidence in the labor market meeting that test by the end of the year,” says Cambridge’s Karl Schamotta.

Read the article here.