Fed expects to raise rates three times next year

Bolder action in 2022

clock • 2 min read
Interest rate hikes are expected to follow soon after the tapering, marking a divergence from the Fed’s so-far dovish approach to inflation.
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Interest rate hikes are expected to follow soon after the tapering, marking a divergence from the Fed’s so-far dovish approach to inflation.

The Federal Reserve has signalled support for three interest rate rises next year following the conclusion of the Federal Open Market Committee’s (FOMC) two-day policy meeting on Wednesday (15 December).

FOMC chose to keep rates low, at between 0 and 0.025%, but hinted at bolder action over the course of 2022 and released a statement yesterday outlining an acceleration of its bond tapering programme...

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