Goldman Sachs on the Fed and when to expect a move towards normalising monetary policy.
A quick snippet, but converts the gist of the GS view:
We expect tapering to begin in 1Q22
- under assumptions that tapering at $15bn per meeting pace will take all of 2022 and that FOMC will then want to take break before considering rate hikes
Liftoff would not be on table for another two years
Come to think of it now, I should have put 'spoiler alert in the headline to the post ... pretty much gave it away!
GS CEO Solomon:
