Wednesday, 16 June 2021
Our chart-pack contains the most relevant macroeconomic graphs in one place, clearly structured and organized for a wide range of economic and financial market indicators and analytical content. Additionally, we provide regional and country level data as well as international comparisons to allow you to contrast financial and macro indicators across countries.
For example, take a look at the chart with the (composition of) balance sheet assets of the Fed. Today, all eyes will be on the central bank when it concludes its FOMC meeting. The Fed is widely expected to keep interest rates and monthly bond purchases unchanged at current levels. Still, what the market is really looking for is clues to the bank's thinking on inflation and possible stimulus tapering.
We think it will become increasingly difficult for the Fed to keep insisting that the rise in inflation is temporary. Also, some Fed members have said that a timetable for tapering of quantitative easing should be discussed, but prominent Fed members - including Powell - have yet to make a clear announcement. This could change today, but we think an official announcement is not very likely until later in the year, possibly September.
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