7 Charts on the Fed's Tapering News
Higher inflation may be transitory, but watch the job market for Fed rate hike cues.
The latest Federal Reserve meeting made news, but it was the largely as-expected kind.
In its latest statement, released on Nov. 3, the Federal Open Market Committee unsurprisingly held the key federal-funds rate steady at 0.0%-0.25%. Nobody expected a change in rates at this meeting. Instead, the big issue on everyone’s mind related to the timing and amount of tapering in the bond market purchases that the central bank has been using since early 2020 to inject money into the banking system and support the economy amid the damaging impact of the coronavirus pandemic.