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

Summary by Ground News

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.

8 months ago·Washington, United States

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Times of India

Fed doubles taper, signals three 2022 hikes in inflation pivot

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.

8 months ago·Mumbai, India

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News18 India

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

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.

8 months ago·India

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Reuters

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

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.

8 months ago·United Kingdom

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CBC News

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

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.

8 months ago·Canada

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The Independent

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 post-pandemic U.S. economy as inflation surges, and it expects to raise interest rates three times next year

8 months ago·London, United Kingdom

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