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ABA-FOMC: Higher Inflation, Labor Developments Spurred Asset Purchase Tapering.

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ENPNewswire-January 6, 2022--ABA-FOMC: Higher Inflation, Labor Developments Spurred Asset Purchase Tapering

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Release date- 05012022 - In light of elevated inflation pressures and further improvements in the labor market, Federal Open Market Committee members decided in December to further reduce the monthly pace of the Federal Reserve's net asset purchases.

In minutes from the group's Dec. 14-15 meeting released today, members remarked that that a quicker conclusion of net asset purchases would better position the committee 'to set policy to address the full range of plausible economic outcomes.'

Committee members noted that inflation readings had been higher, more persistent and more widespread than previously expected, but said they anticipate...

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