Taper Talk at the ECB; Atlanta Fed’s Bostic Concerned About Evictions
Good day. The Federal Reserve seems to be getting some company when it comes to edging toward paring bond purchases. Investors and analysts have taken notice that two European Central Bank policy makers consider the eurozone’s economy and inflation outlook to have recovered sufficiently for the ECB to slow its pace of bond purchases. Some even say a step in that direction could come at the ECB’s monetary policy meeting next week. Meanwhile in the U.S., Atlanta Fed President Raphael Bostic voiced concern about the end of the federal eviction moratorium, saying it could trigger a wave of evictions that could hurt the economic recovery.
Now on to today’s news and analysis.
European Bond Yields Rise on ECB Tapering Bets
Investors are betting that with the eurozone’s economic prospects brightening, the European Central Bank will pare back its purchase of government bonds through a program that…