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DE | Flash | Anytime | FOMC: Tapering Begins; Rates Steady – 11/03/21
The Federal Open Market Committee (FOMC) held the Federal Funds Rate target range at 0% to 0.25%, as DE expected.
The FOMC also announced the start of Tapering.
Starting this month, the pace of purchases will be reduced by $15B ($10B for Treasuries and $5B for Mortgage-Backed Securities (MBS)). This is exactly what DE expected.