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Analysis-As Fed taper inches closer, investors prepare for volatility ahead

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Reuters

NEW YORK (Reuters) – As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead. Fed officials on Wednesday penciled in two potential rate hikes in 2023, sooner than policymakers had previously projected, and Chair Jerome Powell edged closer to unveiling plans to taper the Fed’s $120 billion a month of bond purchases. Powell went so far as to describe the two-day gathering as the “talking-about talking-about meeting,” a glib reference to his protestations earlier this year that he and his colleagues were not ev…

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