“In policy shift, the Fed projects three interest rate hikes in 2022”
December 16, 2021
“With inflation now running at its fastest pace in nearly 40 years and showing no signs of slowing down, the Federal Reserve on Wednesday abandoned its wait-and-see strategy and indicated that it could begin stepping on the economic brakes soon.
Specifically, the central bank signaled it could start raising interest rates as early as next spring as it announced a speedier shutdown of a bond-buying stimulus program that it implemented to counteract the economic damage from the COVID-19 pandemic. Most Fed officials now see at least three rate hikes in 2022…”