The Federal Reserve has a lot to discuss this week as it weighs changes to its $120 billion-per-month asset purchase program and interest rate timeline.
In meetings on Tuesday and Wednesday, the central bank will analyze disappointing job growth figures and white-hot inflation while considering when to raise its benchmark interest rate from near zero, where it has sat since March 2020.
It will also potentially consider “tapering” its $120 billion-per-month purchases of Treasury and mortgage bonds, which the Fed says have been needed to spur economic growth during the ongoing recovery.
The meeting comes as low interest rates collide with surging post-pandemic consumer demand, causing Americans to shell out 5 percent more for goods and services than they did a year ago — the highest rate of inflation since 2008.
Read more at NY Post.