4th November 2021

  • Powell Says Fed Patient on Hikes, Can Act on Inflation if Needed

Fed to start tapering asset buys by $15 billion in November

Taper on track to end mid-2022, can speed up or slow down

https://blinks.bloomberg.com/news/stories/R20I8VDWRGG4

  • Powell Gambles on Inflation Easing as Fed Waits for More Jobs

Says Fed to be patient on rate liftoff after starting taper

Fed chair says ‘ground to cover’ to reach maximum employment

https://blinks.bloomberg.com/news/stories/R20KNXDWLU6D

  • Treasury Curve Steepens as Fed Says No Link Between Taper, Hikes

Longer rates rose relative to short end; rate rise bets steady

Powell tamps down fears that rate increases will come soon

https://blinks.bloomberg.com/news/stories/R20HT9DWRGG2

  • Bond Bears Ready to Pounce on Fear Powell Is Still Behind Curve

Rate hike bets little changed after Fed appealed for patience

Demand has strengthened for hedging further rate hike bets

https://blinks.bloomberg.com/news/stories/R210N6T0AFB5

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