NFLX - Wall Street Breakfast: Taper Is Near

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Taper is near The Federal Reserve will conclude its latest two-day meeting this afternoon and the stakes couldn't be higher. The central intends to end its pandemic-era bond purchases, a process known as "tapering," by stepping away from a historic level of support for the economy. Since June 2020, the Fed has been buying $120B in monthly asset purchases, including $80B in Treasury bonds and $40B in mortgage-backed securities.Bigger picture: As described in the last FOMC minutes, the "illustrative tapering path" would trim purchases by $15B per month beginning in November or December, bringing an end to the program by June or July. The reductions will also proceed at about twice the pace as the last time the Fed ended a bond buying program in 2014.

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Wall Street Breakfast: Taper Is Near