15 Dec 2021 The FOMC is Set to Accelerate the Taper, and to Project Two 2022 Hikes

Ian Shepherdson (Chief Economist and Founder)15th Dec 2021 00:20U.S., Daily Monitor

The Fed will announce faster tapering today, opening the door to a rate hike in the spring.

The dotplot likely will show two rate hikes in 2022, triggered by the run of upside inflation surprises.

Core retail sales likely undershot consensus in November, but the trend is still strong.

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