Relax – and carry on spending
May 26, 2021
2 minutes
Benjamin Ong
“It’s not time to make a change, just relax, take it easy,” sang Cat Stevens. This is the US Federal Reserve’s message to the markets at the conclusion of its April Federal Open Market Committee (FOMC) meeting in its efforts to calm concerns over rising inflation expectations that would eventually force its hand into tapering policy accommodation.
After two days of deliberation,
You’re reading a preview, subscribe to read more.
Start your free 30 days