Here's why the Fed won't announce tapering this week - News Summed Up

Here's why the Fed won't announce tapering this week


New York (CNN Business) The Federal Reserve is unlikely to take its foot off the stimulus gas pedal this week as the recovery has run into some roadblocks. "Given the uncertainty about the pandemic, fiscal policy and economic data, it seems unlikely that they will make any significant announcement," said David Kelly, chief global strategist at JPMorgan Funds. The Fed's next policy update comes out Wednesday at 2pm ET, followed by a press conference with Chairman Jerome Powell at 2:30 pm ET.


Source: CNN September 21, 2021 17:48 UTC



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