The taper will arrive in November

 The monetary menagerie on days like this can get confusing. Beyond hawks (who want tighter money) and doves (who want easier money), there is also the retinue of bulls and bears, all braced for potential black swans, such as viruses. But it looks as though the world is finally ready for a new and apparently much less menacing animal: the tapir. 

The taper will arrive in November, and continue munching away at the Fed’s monthly purchases of assets until they are all gone, in June of next year. At that point, the tapir can retire not very graciously into the sunset, its proboscis swaying gently in the breeze. 

Everyone can then start worrying about rates.

Nice charts.

John Authers Bloomberg 23 september 2021 

https://www.bloomberg.com/opinion/articles/2021-09-23/fed-s-taper-doesn-t-look-so-scary-for-world-markets-this-time

Highly recommended


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