The Taper Road Map: The MUFG Global Markets Podcast

In this episode, MUFG Head of U.S. Macro Strategy, George Goncalves, returns to recap, once again, what has felt like an unrelenting rally in long-term rates. He also previews what to look out for in the June FOMC minutes and more broadly what to expect from the Fed and economic data over the course of the third quarter.  

George's view is that the Fed is clearly ready to start working on a taper road map but the conditions in the economy and markets need to be just right. If data continues to remain solid with healthy job growth and stock markets avoid a major correction over the quarter, then at the September FOMC meeting the Fed could announce its tapering plans, starting with reducing mortgage bond purchases first.

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