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The Fed will start reducing its monetary support to the economy in November

2021-11-03T18:18:42.400Z


The key rates, however, remain in the range of 0 to 0.25%. The American Central Bank (Fed) announced on Wednesday that it would begin, as early as November, to reduce the monetary support it has provided to the economy since the start of the pandemic, thanks to the " progress " made by the economy, and while inflation is " high ". Read alsoInflation pushes the Fed to abandon its public debt buybacks The Fed will reduce its asset purchases, currently $ 1


The American Central Bank (Fed) announced on Wednesday that it would begin, as early as November, to reduce the monetary support it has provided to the economy since the start of the pandemic, thanks to the "

progress

" made by the economy, and while inflation is "

high

".

Read alsoInflation pushes the Fed to abandon its public debt buybacks

The Fed will reduce its asset purchases, currently $ 120 billion per month, to $ 15 billion per month, and says it is ready to "

adjust

" this pace according to the evolution of the economy.

Rates, on the other hand, remain in the 0 to 0.25% range they were lowered in March 2020 as the Covid-19 epidemic was spreading in the United States.

Source: lefigaro

All news articles on 2021-11-03

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