|  Updated: 

US Fed to launch tapering as soon as next month

House Oversight Committee Hears Testimony On Treasury And Federal Reserve's Pandemic Response
The US Federal Reserve is considering pulling back asset purchases designed to shield the American economy from the worst effects of the pandemic as soon as next month, according to minutes breaking down the details of its September meeting (Photo by Al Drago-Pool/Getty Images)

The world’s most influential central bank has provided the strongest signal yet it is preparing to rein in the wave of stimulus it unleashed in response to the Covid-19 crisis.

The US Federal Reserve is considering pulling back asset purchases designed to shield the American economy from the worst effects of the pandemic as soon as next month, according to minutes breaking down the details of its September meeting.

More to follow.