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Is Taper Now a Dovish Catalyst?

Is Taper Now a Dovish Catalyst?

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Jon Turek
May 21, 2021
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Cheap Convexity
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Is Taper Now a Dovish Catalyst?
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Following the minutes from the April FOMC meeting, taper is now back in focus. It feels like there are a couple key reasons why the taper headline was such a fade:

  • “A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals”

  • “it might be appropriate at some point in upcoming meetings to begin disc…

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