In a note, the investment bank said it had raised the odds that a formal taper announcement will come in November to 45% from a previous forecast of 25%, and lowered the December chance to 35% from 55%.
According to Goldman, a $15 billion per meeting total pace of tapering would likely be split between $10 billion of U.S. Treasuries and $5 billion of mortgage-backed securities.
“A November announcement coupled with a $15bn per meeting pace would mean that the FOMC would make the final taper at its September 2022 meeting,” the Goldman Sachs analysts said in a note, referring to the Fed’s Federal Open Markets Committee.
Source: Economy - investing.com
