Analysts at Goldman Sachs offer their take on when to expect the FOMC to move towards normalizing monetary policy.
Key quotes
“We expect tapering to begin in 1Q22.”
“Under assumptions that tapering at $15bn per meeting place will take all of 2022 and that FOMC will then want to take a break before considering rate hikes.”
“Lift-off would not be on the table for another two years.”
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