Fed weighs rate hikes in 2022 as economy, inflation pick up

Fed weighs rate hikes in 2022 as economy, inflation pick up

2 years ago
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https://www.siliconvalley.com/2021/09/22/federal-reserve-moves-up-timetable-for-a-potential-rate-hike-to-2022-from-2023-as-economy-and-inflation-pick-up/

Federal Reserve officials signaled they would probably begin tapering their bond-buying program soon and revealed a growing inclination to start raising interest rates in 2022.

If progress toward the Fed’s employment and inflation goals “continues broadly as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted,” the U.S. central bank’s policy-setting Federal Open Market Committee said Wednesday in a statement following a two-day meeting.