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US Fed: Now, one step closer to 'tapering'

The Fed believes that long term inflation expectations are anchored around the 2 percent objective and that’s what matters for policy decisions

July 29, 2021 / 05:17 PM IST
US Fed: Now, one step closer to 'tapering'

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

In the last Federal Reserve meet before the Jackson Hole Symposium next month, US Fed chair Jerome Powell sounded more confident on the economic recovery as well as on inflation being transitory. Progress in the vaccination drive and fiscal policy support is now reflected in strong improvement in economic activity and employment. Household spending and business investments have improved remarkably. But notwithstanding the dot-plot of the June meeting, which hinted towards two rate hikes of 25 bps each in 2023, Powell...

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