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Sep 21 - 06:55 PM

USD: FOMC To Signal A Taper On Wed - Barclays

By eFXdata  —  Sep 21 - 03:00 PM

Barclays Research discusses its expectations for tomorrow's FOMC policy decision.

"Our economists expect  the FOMC to signal a taper, that is conditional on outcomes for employment and the path of the pandemic, beginning in December along a hastier timeline. They anticipate that tapering will begin in December with a formal announcement unlikely until November. Our baseline anticipates that the committee will reduce its current pace of monthly purchases ($80bn for Treasuries, $40bn for agencies) along a hastier timeline; specifically, Treasury securities by $20bn per meeting and agency purchases by $10bn," Barclays notes. 

"Our economists expect the committee to create space between the tapering timeline and the lift-off decision, emphasizing that the two decisions will be assessed according to separate criteria, as laid out in earlier guidance," Barclays adds. 

Barclays Research/Market Commentary


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