FOMC Preview: To early to begin ‘taper clock’ in June – Goldman Sachs

Analysts at Goldman Sachs believe that the US Federal Reserve (Fed) is unlikely to hint at tapering at its monetary policy meeting scheduled this week.

Key quotes

“It’s too early for the Federal Open Market Committee to begin the "taper clock" in their preview.”

“We do not expect Chair Powell to deliver the first hint at tapering in June.”

“Powell likely agrees with Governor Brainard and President Williams that the labor market has not yet come far enough. “

“We continue to expect the first hint in August or September.”