The taper is coming this year, but the pace will be tame in comparison to the last time the Fed looked to unwind their open market positions, as the pandemic risk lingers on and threatens the global…
Markets are balancing the positive progress of the infrastructure deal, economic data, and a solid earnings quarter versus the worsening global growth picture due to the Delta variant.
Jerome Powell is the new honey baritone (formerly dubbed to Perry Como for his beautiful low voice) in markets as he reiterates lower rates for longer.