Goldman Sachs outlook for the Fed is here: Q1 2022 taper, rate hike 2024
JPM slightly different, on taper timing:
- Fed to signal a taper in September 2021 (21 and 22 are the dates of the September FOMC meeting)
- Will begin taper in April 2022 at a rate of USD10bn (& USD5bn MBS) per meeting
Hiking cycle to begin in Q3 2023
- gradual hikes, no more than two hikes per year
