The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making moves that were even more aggressive than markets had anticipated.

Reuters

United Kingdom

Fed sees three interest rate hikes in 2022 as inflation fight begins

Heralding one of the most hawkish policy pivots in years, the central bank said Wednesday it will double the pace at which its scaling back purchases of Treasuries and mortgage-backed securities to $30 billion a month, putting it on track to conclude the program in early 2022, rather than mid-year as initially planned.

Media Bias/Fact Check

Times of India

India

Fed doubles taper, signals three 2022 hikes in inflation pivot

The Federal Reserve said on Wednesday it would end its pandemicera bond purchases in March and pave the way for three quarterpercentagepoint interest rate hikes by the end of 2022 as the economy nears full employment and the U.S. central bank copes with a surge of inflation.

News18 India

Mukesh Ambani

Fed Signals Three Rate Hikes In The Cards In 2022 As Inflation Fight Begins

The Federal Reserve will quicken the pace at which it’s pulling back its support for the post-pandemic U.S. economy as inflation surges, and it expects to raise interest rates three times next year

Ad Fontes Media

All Sides

The Independent

Evgeny Lebedev

London

Greater London

England

Fed will tighten credit faster and sees 3 rate hikes in 2022

The Federal Reserve will quicken the pace at which it's pulling back its support for the economy as inflation surges, and it expects to raise interest rates three times next year.

CBC News

Government of Canada

Canada

U.S. central bank expects to raise its benchmark interest rate 3 times next year

The Federal Reserve, signaling its inflation target has been met, on Wednesday said it would end its pandemic-era bond purchases in March, paving the way for three quarter-percentage-point interest rate increases by the end of 2022 as it exits from policies enacted at the start of the health crisis.

The Woodbridge Company

WASHINGTON (AP) — The Federal Reserve will quicken the pace at which it's pulling back its support for the post-pandemic U.S. economy as inflation surges, and it expects to raise interest rates three times next year. 

Associated Press News

Independent Media

United States

With inflation surging, the Fed clears the way for earlier, faster rate hikes by accelerating wind-down of a bond-buying stimulus program.

USA Today

Gannett

Federal Reserve sets stage for earlier, faster interest rate hikes as inflation soars

abc News

The Walt Disney Company

The Federal Reserve will wrap up its pandemic-era stimulus program faster and expects to raise interest rates in 2022. CNN's Matt Egan reports.

Warner Bros. Discovery

Atlanta

Fulton County

Georgia

The Federal Reserve signals rate hikes in 2022

Federal Reserve officials intensified their battle against the hottest inflation in a generation by shifting to an earlier end of their asset-buying programme and signalling they favour raising interest rates in 2022 at a faster pace than economists were expecting.

Irish Independent

Mediahuis

Ireland

Fed signals three rate hikes for 2022 to beat back inflation surge

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The Fed's new forecast that it will raise its benchmark short-term rate three times next year is up from just one rate hike it had projected in September. The Fed's key rate, now pinned near zero, influences many consumer and business loans, including for mortgages, credit cards and auto loans.

Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year

Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year

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