What happens to the markets in the wake of tapering?
Anglais -
31 août 2021
In June, Jay Powell mentioned tapering for the first time. This was the first step of the protracted monetary normalisation process that will play out over the next few years. Following the release of the minutes of the latest FOMC meeting and Powell’s Jackson Hole speech,
our opinion is the following: barring a pronounced macroeconomic deterioration...