The statement also said elevated inflation is reflecting factors 'expected to be transitory,' but noted some uncertainty.
Tapering will begin"later this month," the Federal Open Market Committee said in its post-meeting statement. The Fed will reduce purchases by $15 billion each month — $10 billion in Treasurys and $5 billion in mortgage-backed securities, on track to end quantitative easing by the middle of 2022.
The statement also said elevated inflation is reflecting factors"expected to be transitory," but noted some uncertainty. "We took a step back from 'transitory.' We said 'expected to be transitory,' first of all, to show uncertainty around that," Fed Chairman Jerome Powell said in a press conference following the statement release.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
10 Vintage Girls’ Names Making A Comeback — And 10 That Could Be NextThese vintage girls' names were wildly fashionable for daughters one hundred years ago, and according to trends -- and data -- they're back.
Weiterlesen »
10 Ways to Limit People-PleasingWe have all been guilty, at one time or another, of saying yes to things we don't want to do and going out of our way to please others at the expense of our own well-being. Here's how to stop.
Weiterlesen »
Facebook Has a Rule Banning Gun Sales, but You Can Break it 10 TimesA cursory search on Facebook's marketplace proves that gun sellers are easily getting around the platform's rules on peer-to-peer gun sales.
Weiterlesen »
10 Best Concerts of the Week: Lupe Fiasco, Machine Gun Kelly, Calexico and MoreWhether you're into blues, blood harmony, boy bands, big beat or anything in between, there is a place for you some time this week in North Texas.
Weiterlesen »
Top 15 things to do in Indianapolis this weekend: June 10 - 12This weekend, the best events and things to do include the Indy Pride Parade and Festival, the WonderRoad Music Festival, and the in-person NBA 2K League competitions.
Weiterlesen »
After small Freeport LNG explosion, natural gas prices fell more than 10 percent to around $8.20Natural gas prices in the U.S. are down today after a small explosion Wednesday at Freeport LNG on Quintana Island. The export plant is likely to be shut down for at least three weeks, straining an already tight global gas supply.
Weiterlesen »