27 janvier 2021

The Fed tells not to worry about inflation, as it has to finish its job

En bref

Chair Powell used the January meeting to stress again that the Fed’s job to sustain the recovery is not finished. Rates will remain near zero for a prolonged period and asset purchases will continue at the current pace. He strongly dismissed any possibility of a tapering anytime soon.

Highlights:

The January meeting was a very quiet one, as expected. The current stance and long-term strategy were reaffirmed.
Risks to the economy are mostly in the short term and limited to the sectors most affected by the pandemics. Expectations of a rebound were confirmed.
Fears of surging inflation were dismissed, as short-term volatility will be offset by the persistence of deflationary factors. Therefore, and given the still large level of unemployment, it is far too early to contemplate any tapering in asset purchases.
The Fed does not appear worried about the strong equity prices nor sees any significant vulnerabilities in financial markets.

Download the full publication below

The Fed tells not to worry about inflation, as it has to finish its job

27 janvier 2021

Also interesting

© 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.

Informations juridiques

Politique en Matière de Cookies

Politique de Confidentialité

Conditions Générales

Droits d’Auteur

Glossaire