The US Federal Reserve agreed to start tapering from mid-December
MUMBAI: At a meeting of the Federal Open Market Committee last month, members of the committee agreed that the US Federal Reserve would start cutting its asset purchase program from November or mid-December. The asset purchase program will be phased out and a total of ૫ 12 billion is expected to be tapped every month. Members of the meeting noted that if the decision to start tapping purchases is taken at the next meeting, the tapping process could begin with the monthly purchase calendars in mid-November or mid-December, according to minutes from the Federal Reserve's September 21-21 meeting. Is. The members also observed that if the economic recovery progressed as expected, it would be appropriate to start a phased tapering process so that it could be completed by the middle of next year, the minutes said. The Fed has decided to continue the current pace of the ખરીદી 120 billion-a-month bond-buying program until significant growth in employment and inflation occurs. The next...