The Fed: the recovery is on track, tapering is approaching

En bref

In a rather uneventful meeting, the Fed presented again its view of a strengthening economy with only temporary pressures on inflation. The press release duly noticed that the progress of the economy is incomplete, but also signalled that the appropriate moment to withdraw support is getting closer.
Market Commentary

Highlights:

  • The July meeting brought little new information. The Fed remains confident that the labour market recovery will gather speed and that the spike in inflation is temporary, although may last longer than expected.
  • Upside risks to inflation seems to be more concerning than downside risks to growth related to a new wave of infection.
  • The FOMC has started discussing tapering, and we continue to expect it to begin in January.

Download the full publication below

The Fed: the recovery is on track, tapering is approaching

Also interesting

Picture

© Generali Investments, tous droits réservés. Ce site internet est publié par Generali Investments et est considéré comme une communication marketing et une promotion financière liée aux produits et services des sociétés du groupe Generali suivantes : Generali Investments Partners S.p.A. Società di gestione del risparmio, Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Luxembourg S.A. et Generali Investments Holding S.p.A. (ci-après dénommées ensemble Generali Investments). En outre, le site peut contenir des communications de marketing et de promotion financière de produits et services de sociétés faisant partie de la plate-forme Multi-Boutiques coordonnée par Generali Investments Partners S.p.A. Società di gestione del risparmio, et en particulier de Generali Global Infrastructure, Sycomore Asset Management, Aperture Investors LLC, Plenisfer Investments SGR, Lumyna Investments et Generali Real Estate S.p.A. Società di Gestione del Risparmio.