Taper time. The U.S. Federal Reserve said on Wednesday that it will wind down its asset purchase program earlier than planned. The program will now end in February 2022 instead of May. And although the central bank left interest rates unchanged, it signaled three rate hikes next year. Inflation in the U.S. hit 6.8 percent […]
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Daily Memo: Central Banks Move to Curb Inflation
Meanwhile, China's military is conducting drills in and around Hainan Island in the South China Sea.
