Gold Bugs Face Danger From U.S Federal Reserve Bank

Gold Bugs Face Danger From U.S Federal Reserve Bank

Reuters

Fed to kick off faster tapering plan from January – Goldman Sachs

The U.S. Federal Reserve will likely double the pace of tapering its monthly bond purchases from January to $30 billion, and wind down its pandemic-era bond buying scheme by mid-March, Goldman Sachs strategists said in a daily note on Thursday. “The increased openness to accelerating the taper pace likely reflects both somewhat higher-than-expected inflation over the last two months and greater comfort among Fed officials that a faster pace would not shock financial markets,” analysts led by Jan Hatzius said in a client note. Despite the accelerated tapering calendar, Goldman expects the Fed to start raising interest rates only from June for a total of three times in 2022.

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