Fed Minutes Show Progress on Taper

The video discusses the lack of consensus on rate hikes and tapering by the FOMC, highlighting the early stages of decision-making. It addresses inflation concerns, noting that current spikes are seen as transitory, with risks of supply disruptions and labor shortages. The FOMC's potential earlier response to inflation is considered, with expectations of tapering in September and a rate rise in early 2023. The impact on the US dollar is analyzed, with forecasts of continued strength due to US economic performance.

What changes in language regarding inflation are anticipated in the upcoming meetings?

What is the expected timeline for the Federal Reserve to start tapering asset purchases?