The Federal Reserve Board, the central bank of the United States, will hold its final regular meeting on the 14th.
Powell has expressed his intention to accelerate and terminate the quantitative easing measures that have supported the economy in order to curb inflation, and market interest in the whereabouts of the meeting is increasing.
At a meeting last month, the Fed decided on what is called "tapering" to gradually reduce the amount of funds supplied to the market for the quantitative easing measures that it has continued to respond to the crisis of the new coronavirus, and in June next year, it will make quantitative easing. I have set out a plan to finish.
However, in the United States, consumer prices rose 6.8% last month, the highest in 39 years, and record prices have continued to rise, and Chair Powell hastened quantitative easing in order to respond quickly to inflation. Shows the idea of terminating.
For this reason, financial markets are expected to decide to end quantitative easing in March next year at this meeting held by the Fed from the 14th to the 15th.
Participants will also be presented with the prospects for the next focus of the policy rate hike, the so-called rate hike.
A rate hike, which tightens monetary policy, will have a significant impact on the yen's exchange rate and stock prices, and the return of world-class funds to the United States may shake the economies of emerging countries.
For these reasons, there is growing interest in the results of the meeting, which will be announced before dawn on the 16th of Japan time.