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Oct 13 - 12:55 PM

USD: FOMC Minutes To Reveal A Strong Preference To Move Forward With Tapering - BofA

By eFXdata  —  Oct 13 - 10:45 AM

Bank of America Global Research discusses its expectations for today's FOMC minutes from the September meeting.

"The minutes of the FOMC meeting will reveal a strong preference to move forward with tapering asset purchases. We expect the language to show that the majority of participants believe that starting the taper in the upcoming (November) meeting is reasonable with conclusion by mid-year 2022,'" BofA notes. 

"We are likely to get more details on the taper process in regards to the cadence (likely monthly) and the handling of TSY vs. MBS (unlikely to prioritize one over the other)," BofA adds. 

Source:
BofA Global Research

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