What to Expect from Fed’s FOMC Meeting

From orbex.com

The Fed’s policy meeting that will end tomorrow is posing a problem for analysts. The FOMC has to make a decision about when to start winding down the extraordinary stimulus due to the pandemic. This is the frequently mentioned “taper”. But one of the key elements for that decision – how fast the US economy has been growing over the last few months – isn’t publicly available. Fed members have access to the data, but anyone trying to figure out what they will decide on doesn’t. If the economy has continued to grow faster than expectations, then the Fed will be more eager to tighten policy. However, if ... (full story)