Fed meets for 1st time since Jerome Powell hinted at policy shift

For the first time since Federal Reserve Chairman Jerome Powell jump-started expectations for a faster taper, officials will meet on Tuesday and Wednesday.  Powell had said the central bank needed to shift its focus toward preventing higher inflation from becoming entrenched and away from fostering a rapid rebound in hiring from the pandemic.
 
The pivot raises the prospect that the Fed’s post-meeting statement — a document parsed by markets as a signal of likely future policy — could be overhauled at the conclusion of their meeting.
 
Investors are pricing in a quicker end to the Federal Reserve’s bond-buying