The Federal Reserve Board of Governors, the central bank of the United States, will hold a meeting to decide monetary policy from the 15th.
Market attention is focused on the time to curtail quantitative easing in response to rising prices as the economy recovers, and the focus will be on post-meeting statements and any mention in Chair Powell's press conference.
The Fed will hold regular meetings from the 15th to the 2nd.
In the United States, prices have risen significantly along with the economic recovery, and the rate of increase in consumer prices compared to the previous year is as high as 4.2% in April and 5.0% last month, which the Fed uses as a guide. It exceeds about 2%.
For this reason, in the financial markets, it has been observed that the quantitative easing measures introduced by the Fed since March last year will be taken by the end of the year, which is called tapering, which gradually reduces the amount of government bonds purchased. ..
Powell has not broken the idea that the tapering debate is premature, saying that the current rise in prices is a temporary phenomenon that accompanies the rapid economic recovery, but one of the Fed's meeting participants. Some say that the Fed should start discussions on policy changes.
For this reason, the focus is on any mention of the timing of policy changes in the statement released early on the 17th of Japan time and at the press conference of Chair Powell.
In addition to quantitative easing, the statement will also show participants' predictions about the timing of the transition of the zero interest rate policy, which is the pillar of the current monetary easing policy, and is drawing attention in the market. I will.