FOMC Minutes: The committee will begin to discuss plans for tapering in coming meetings – Goldman Sachs

While conveying their latest outlook for the US Federal Reserve’s next move, following the latest FOMC Minutes, Goldman Sachs does back the hawkish hopes while suggesting a start of discussions over tapering at the Federal Open Market Committee (FOMC).

The investment bank also said, “We continue to expect a December tapering announcement, with November also a possibility.”

Read: Breaking: Some FOMC policymakers see elevated uncertainty around economic outlook

Market implications…

The update fails to impress markets as the indecision over the Fed’s future actions remains on the table amid a light calendar in Asia. The reason could also be traced from the latest comments from Federal Reserve President Raphael Bostic who cited coronavirus resurgence as a challenge to the US recovery.

Read: Fed’s Bostic: Infection spike due to Delta variant could slow US recovery