Fed to announce QE taper in August or September on rising inflation concerns: Reuters poll By Reuters – Investing.com

Fed to announce QE taper in August or September on rising inflation concerns: Reuters poll By Reuters – Investing.com

By Indradip Ghosh

BENGALURU (Reuters) - The Federal Reserve is likely to announce in August or September a strategy for reducing its massive bond buying program, but won't start cutting monthly purchases until early next year, a Reuters poll of economists found.

A significant number of Fed watchers also said the central bank would wait until later in the year before announcing a taper, now the main focus for markets fretting over rising inflation as an end to the pandemic in the United States is in sight.