The central bank has said it will maintain its massive bond-buying and record low interest rate scheme for as long as it takes to tame unemployment and keep inflation running hot for an extended period.
However, he said policymakers had taken a “first deep dive” on how to begin winding the bond-buying down but no decision had been made. “What is noteworthy is that the Fed considers that the US economy ‘has made progress’ towards its goals — a strong hint it could start to taper its asset purchases as soon as December.”And Bank of Singapore’s Mansoor Mohi-uddin agreed, adding: “This slow exit is thus likely to keep benefiting risk assets during 2021.”Meanwhile, traders are keeping tabs on developments in Washington after the Senate passed Biden’s infrastructure package after weeks of negotiations.
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