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22nd Sep 2021 00:20U.S., Economic Monitor

  • The FOMC and Chair Powell appear prepared to signal that tapering will start in December.
  • Expect more dots for a 2022 rate hike, but the median forecast likely will still be for the first move in 2023.
  • Existing home sales are falling slowly, while inventory is rising; price gains are slowing.

cash chair powell debt debt ceiling existing home sales fed fomc forecast forecasts gains growth headline sales home sales inflation inventory it jobless claims macro data mortgage mortgage data pce pce inflation pm policymakers powell prices qe rates report retail sales treasuries winter

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