The Federal Reserve will likely double the pace of its monthly bond purchases from January to $ 30 billion and cut its pandemic-era bond purchase plan in mid-March, Goldman Sachs strategists said in a meeting. daily note on Thursday.
“The greater openness to accelerating the pace of downsizing likely reflects both somewhat higher-than-expected inflation in the past two months and greater comfort among Fed officials that a faster pace would not affect financial markets.”Said analysts led by Jan Hatzius in a note to their clients.
Despite the acceleration of the reduction schedule, Goldman expects the Fed to start raising interest rates only from June, for a total of three times in 2022.
The US investment bank is one of those that recently raised its expectations of rate hikes for 2022 from two to three.
Minutes from the Fed’s November 2-3 monetary policy meeting showed that various authorities said they were open to accelerating the downsizing of their bond buying program if inflation continues to be high, and that they would move faster to rise. the cups.
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