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Fed sees earlier time frame for rate hikes with inflation up

1 month ago   |   By Star Tribune

The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation.
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Fed projects rate increases starting in 2023

1 month ago   |   By NY Times

Fed policymakers now expect to make two interest rate increases by the end of 2023. The Fed's main policy interest rate, the federal funds rate, has been set at near-zero since March 2020.
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Ticker: Fed signals rate hikes as inflation rises; Salem company agrees to pay state $3.5M for undelivered masks

1 month ago   |   By Boston Herald

The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation.
The Fed's policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023. They had previously estimated that no rate hike would occur before 2024.
In a statement after its latest policy meeting, the Fed also said it expects the pandemic to have a diminishing...
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Fed signals two interest rate hikes by 2023 as inflation soars

Fed signals two interest rate hikes by 2023 as inflation soars

1 month ago   |   By New York Post

Federal Reserve officials on Wednesday held interest rates near zero but signaled two interest rate hikes by the end of 2023 as the economy rebounds and inflation soars - sending the Dow plummeting. The Dow Jones industrial average plummeted 300 points after the Fed signaled plans to lift its benchmark interest rate from zero to 0.6...
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