Anzo Capital
Anzo Capital Representative
- Messages
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Weekly Market Review by Anzo Capital
Reflecting on the week of 23 Aug 2021
A Taper Is On The Cards
Federal Reserve Chairman Powell indicated that the committee is prepared to start rolling back the $120 billion asset purchasing program implemented at the height of the pandemic. Inflationary pressures will likely subdue as a result, which Powell reiterated as transitory effects of supply chain bottlenecks and subsequent rise in input prices. The committee is closely monitoring the labour shortage which has been partially attributed to generous stimulus packages. The result, is that we are unlikely to see any change in the Fed Funds rate in the near-term. A downward revision to estimates of second quarter growth, coupled with the slowdown in private sector output, highlights the fragility of the situation and indicates that economic growth will remain weighed down by new spikes in Covid-19 cases.
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Reflecting on the week of 23 Aug 2021
A Taper Is On The Cards
Federal Reserve Chairman Powell indicated that the committee is prepared to start rolling back the $120 billion asset purchasing program implemented at the height of the pandemic. Inflationary pressures will likely subdue as a result, which Powell reiterated as transitory effects of supply chain bottlenecks and subsequent rise in input prices. The committee is closely monitoring the labour shortage which has been partially attributed to generous stimulus packages. The result, is that we are unlikely to see any change in the Fed Funds rate in the near-term. A downward revision to estimates of second quarter growth, coupled with the slowdown in private sector output, highlights the fragility of the situation and indicates that economic growth will remain weighed down by new spikes in Covid-19 cases.
Stay informed with our real time comprehensive market analysis reports and financial news here.
Join us here.