Federal Reserve: No interest rate hikes until end-2023

Inflation to run above 2% 'for some time'

David Brenchley
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Federal Reserve
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Federal Reserve

The US Federal Reserve sent out “strong, powerful guidance” on Wednesday (16 September), as it predicted interest rates would stay near zero until at least the end of 2023.

Further, the central bank said it would not tighten policy until inflation has been "moderately above" above 2% "for some time", as it looked to put in place its new inflation-targeting framework recently...

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