USD/CHF: the defining dynamics of the dollar
As follows from the punctures of the November meeting published last Wednesday, the Fed leaders expressed increased concern about the persistence of increased inflation, and also discussed whether they need to prepare for an increase in interest rates in the first half of next year to cool the economy.
As you know, following the meeting that ended on November 3, the Fed leaders decided to reduce the volume of purchases of assets, which amounted to $ 120 billion a month, by $ 15 billion in November and December. In their view, such a cut, "is likely to be appropriate every month", although they are willing to adjust the pace of the curtailment of purchases, "if it is justified in view of changes in the outlook for the economy".
At a press conference, Jerome Powell reiterated that the central bank will not rush to raise interest rates, since the labor market has not yet fully recovered, and the Fed still considers increased inflation to be a temporary phenomenon.