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Quantitative Tightening Looms for Markets on Hawkish Fed

Central banks shift from crisis support to fighting inflation
Some remain wedded to QE, setting scene for policy divergence

Bloomberg business news — How Much More Hawkish Will the Fed Get?

By

Liz McCormick and

January 29, 2022, 9:10 PM UTCUpdated onJanuary 30, 2022, 2:20 AM UTC

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Jerome Powell’s hawkish pivot makes it clear that a key crutch of support for the global economy is going to be pulled away sooner than financial markets had been betting.