Fed likely to begin tapering bond purchases at its next meeting
It will possibly raise rates much sooner and more aggressively than markets are anticipating, adds former Fed official
Add BT as a preferred source
THE US Federal Reserve is almost certain to begin tapering its bond purchases at its next meeting in early November, with the central bank possibly raising interest rates much sooner and more aggressively than markets are anticipating.
This was the assessment of William Dudley, the former president and chief executive officer of the Federal Reserve Bank of New York, at a virtual event on Thursday (Oct 7).
The 68-year-old American, who is also vice-chairman and a permanent member of the Federal Open Market Committee, made these comments at a Bank of Singapore client roundtable hosted by its chief economist Mansoor Mohi-uddin.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Singapore developer in limbo after Timor-Leste scraps major township project
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial
