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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.

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Bias Distribution

  • 59% of the sources are Center
59% Center
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Star Advertiser broke the news in Honolulu, United States on Wednesday, December 15, 2021.
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