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Economic Report: Fed tapering could begin in mid-November or mid-December: meeting minutes show

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Federal Reserve officials discussed a plan to start to slow down emergency support for the economy in either mid-November or mid-December at their Sept. 21-22 policy meeting, according to minutes of the gathering released Wednesday.

Fed officials are discussing when to slow down, or taper, the current pace of $120 billion per month in purchases of Treasury and mortgage-backed securities that have been made since June 2020.

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Market Snapshot: Dow slips, S&P 500 and Nasdaq hold gains after Federal Reserve minutes point to looming tapering plans

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