 "US Federal Reserve")
Last December, with COVID-19 vaccinations only just beginning and the pandemic still raging, the U.S. Federal Reserve promised it would continue supporting the recovery with $120 billion in monthly bond purchases until there had been "substantial further progress" in meeting it goals of 2% inflation and maximum employment.
At the end of its November policy meeting on Wednesday the central bank is likely to declare that standard met, clearing the way to trim $120 billion in monthly bond buying and eventually raise interest rates.
How substantial has the progress been?
In the case of inflation, probably more than the Fed bargained for. The
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