Fed Meet this Week

The Fed. are expected this week to send a stronger signal about plans to start phasing out the current stimulus package, possibly early November, as consumers continue to power the economic recovery. The Fed.Open Market Committee (FOMC) meets tomorrow for a 2 day meeting that should cast light on the fate of the massive bond-buying programme, started in 2020, to stabilise the markets and help the economy. Jay Powell, the Fed chairman, stated last month that he thinks a move to reduce those purchases by the end of the year could be applicable if the economy continues to progress as expected.