New COVID variant adds uncertainty for a Fed in the process of slowing support

The emergence of a new COVID variant spooked markets on Friday, forcing some Fed watchers to question if the Federal Reserve will change course on its plans to slow its monetary support to the U.S. economy.

“Policy normalization already looked like it was going to be gradual but the… growth worries we’re seeing come back into the market’s consciousness in the last 24 hours could mean that monetary policy needs to be a little bit more dovish than that,” HSBC Asset Management Chief…


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