Goldman Says Fed May Accelerate Tapering from January: Report

Goldman Says Fed May Accelerate Tapering from January: Report
Having kicked off the unwinding of the crisis-era stimulus this month, the U.S. Federal Reserve (Fed) may accelerate the pace of the taper next year, according to a Bloomberg report citing a client note from Goldman Sachs.The central bank will double the pace of scaling back its liquidity-boosting asset purchases to $30 billion per month from the current $15 billion, Goldman economists said, predicting three rate hikes in 2022 and two in 2023.The new projections mean the asset purchase program would end in March.The investment banking giant expects the first rate hike from near zero in June of next year.“The…