Powell Gives Additional Coloring on Tapering Schedule and Addresses Evergrande Risk

The Federal Open Market Committee meeting took place in the shadow of one of the most vicious market selloffs of 2021 which occurred Monday. While the market sell-off was probably mostly triggered by the insolvency of Evergrande, the Chinese property development giant, the market is also in a seasonally challenging time and is facing a litany of tail risks.

Powell addressed the tapering schedule and if the hawks had an edge, it may have been mitigated by the levels of fear and apprehension i...

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