With no new economic projections due and nopress conference scheduled, the FOMC policymeeting that ends on Wednesday 30th should be aquiet affair with the only major development beinga further tapering of the monthly asset purchases,to $25bn from $35bn. That said, it is possible thatthe Fed will begin to alter its view on how muchslack remains in the labour market and start theinternal debate on how to amend its pledge thatthe first rate hike won’t occur until a “considerabletime” after the asset purchases have ended.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services