Nothing new in the FOMC minutes
Just “talking about talking about” tapering while they wait for “substantial progress” which was what we found out at the last press conference.
It’s coming, but they are doing their best to avoid a taper tantrum through methodical communication pic.twitter.com/Q9x6DcfYhk
— The Long View 🍥 (@HayekAndKeynes) July 7, 2021
FED MINUTES: SEVERAL PARTICIPANTS SAW BENEFITS TO REDUCING THE PACE OF MORTGAGE BACKED SECURITIES PURCHASES MORE QUICKLY OR EARLIER THAN TREASURY PURCHASES IN LIGHT OF VALUATION PRESSURES IN HOUSING MARKETS
— *Walter Bloomberg (@DeItaone) July 7, 2021