Good morning from the Financial Times. Today is Friday, September 10th, and this is your FT news briefing.

A new poll shows a majority of economists think the Federal Reserve will tighten monetary policy

more aggressively than the US Central Bank has been projecting. Meanwhile, the European Central Bank

has announced plans to tighten its monetary policy. And in China, clouds are darkening over one

of the country's biggest property developers. Plus, the cryptocurrency world is watching closely

as Washington takes on the big crypto exchange coin base. We're standing in the middle of a moment

of reckoning or an industry that has been able to grow quite quickly without much of a strong

supervisory role from regulators that are trying to catch up as quickly as possible.

I'm Mark Filipino and here's the news you need to start your day.

Nearly three out of four leading economists believe the Fed will raise interest rates by a quarter

of a percentage point in 2022 in response to higher inflationary pressures. This is according to

a survey of 49 academic economists conducted by the FT and the University of Chicago's Booth

School of Business. The results suggest a much more aggressive approach to tightening monetary

policy than the Fed's most recent projections and market expectations. One out of five economists

in the survey expect the move to come in the first six months of next year. Back in June,

the Fed said that it will raise interest rates in 2023 at the earliest. A majority of economists

pulled also expect the Fed to soon reveal its plans to taper its bond buying program

and wrap up the process by next year.

So when is a taper really a taper? Yesterday, the European Central Bank announced it would slow

the pace of its pandemic asset purchase program, meaning it'll buy fewer bonds. So now you've got

the Federal Reserve talking about tapering and the Bank of England is talking about it too.

The ECBs move. Is that technically also a taper? This is the most interesting question of the moment

...