Traders Closely Anticipating FED’s Stance on Tapering Pace and Rates Hikes
Curiosity in the market grows as FED heads for its last meeting of the year which might give more information on the pace of tapering and rates hike
Trader’s curiosity grows ahead of the last federal reserve’s meeting of the year with traders expecting to learn more about the central bank’s stance increasing the pace of bond-buying program and raising rates in 2022.
Stocks are back at record high after last week’s selloff as traders shrugs off fear amid omicron severity might be lower.
Asian markets are started the week on bullish with CSI 300, KOSPI, Nikkei and HSI nears 1% gains.
Strategist expects there is more room for volatility in case FED takes more hawkish stance.
Fed’s chair Jerome Powell earlier reverted from his being vocal about transitory inflation rather acknowledging inflation is not transitory after all.
