{"id":963199,"date":"2021-11-03T15:59:05","date_gmt":"2021-11-03T19:59:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=963199"},"modified":"2021-11-03T15:59:07","modified_gmt":"2021-11-03T19:59:07","slug":"fed-starts-shrinking-bond-purchases-sees-end-of-monetary-stimulus-by-june","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-starts-shrinking-bond-purchases-sees-end-of-monetary-stimulus-by-june\/","title":{"rendered":"Fed Starts Shrinking Bond Purchases, Sees End of Monetary Stimulus by June"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffed-starts-shrinking-bond-purchases-sees-end-of-monetary-stimulus-by-june%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=963199&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/fed-Jerome-Powell-little-bit-fingers-getty.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">The Federal Reserve said it will begin dialing back its bond-buying stimulus program this month, reducing purchases by $15 billion this month and next month.<\/p>\n<p>The Fed announced on Wednesday that the size of reductions in the future could be adjusted depending on economic conditions. For now, it plans on reducing Treasury purchases by $10 billion a month and mortgage security purchases by $5 billion. At that pace, the Fed would end the program in June.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The announcement of the \u201ctaper\u201d was widely expected. But it was somewhat unclear when the reduction would begin. As well, the Fed\u2019s decision to announce two months worth of taper at the November meeting, when there is another meeting in December, was unexpected.<\/p>\n<p>The Fed made no mention of plans to raise rates. Fed chair Jerome Powell has insisted in the past that the decision to cut bond purchases should not be seen as necessarily leading to rate hikes.<\/p>\n<p>Fed officials said they still believe that high inflation will decline because rising prices are \u201clargely reflecting factors that are expected to be transitory.\u201d<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cSupply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors,\u201d Fed officials said in a statement issued at the end of their two-day monetary policy meeting.<\/p>\n<p>Fed officials took notice of the slowdown in the third quarter, blaming it on the resurgence of the virus.<\/p>\n<p>\u201cWith progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the summer\u2019s rise in COVID-19 cases has slowed their recovery,\u201d the statement said.<\/p>\n<p>Fed officials expect that supply chains will ease, allowing the economy to reaccelerate.<\/p>\n<p>\u201cProgress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation,\u201d they said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve said it will begin dialing back its bond-buying stimulus program this month, reducing purchases by $15 billion this month and next month. The Fed announced on Wednesday &#8230;<\/p>\n","protected":false},"author":11,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-963199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/963199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=963199"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/963199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=963199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=963199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=963199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}