Taper in late 2021?

Federal Reserve officials this week could project interest-rate liftoff in 2023 amid faster economic growth and inflation, but they won’t signal scaling back bond purchases until August or September, according to economists surveyed by Bloomberg.

The survey of 51 economists was conducted June 4-10.

More than half predict the quarterly rate-forecast “dot plot,” released after the conclusion of the Fed’s two-day policy meeting on Wednesday, will show the median of 18 officials penciling in at least one 2023 increase. The remainder see no liftoff from near-zero rates until 2024 at the earliest, mirroring the Fed’s forecast in March.

Reference

Bloomberg, 2021-06-13, “Fed Dot Plot Seen Shifting to 2023 Rate Liftoff, Economists Say”