Global EconomyWatch video
“Even though GDP growth likely peaked 2Q, economic activity will continue expanding briskly in the second half and this will give the Fed enough confidence to announce tapering by December.” Mike Feroli, Chief U.S. Economist
GDP: The economy should continue to rebound following the COVID-19 pandemic, though GDP may outpace jobs. Inflation: Inflation will remain high through early 2022, but we expect this to be transitory. Federal Reserve Asset Purchases: The conversation about Fed asset purchases will keep ramping up. Look out for tapering by 1Q22.