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The United States Federal Reserve is expected to announce the tapering of its bond-buying program during its meeting this week, amid inflation uncertainties.
Source: FT
Members of the Federal Open Market Committee are expected to announce that substantial further progress has been achieved towards the target of maximum and inflation averaging 2%, meeting the criteria to start tapering.
Officials have already indicated the possibility of scaling down its bond-buying program in the minutes of the September policy meeting, as they seek to cap any negative reaction of financial markets.
The record showed that officials back the reduction of the Treasury bond-buying by $10 billion monthly, and the agency mortgage-backed security purchases by $5 billion as soon as mid-November.
The latest policy statements have recorded inflation elevated but transitory.
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