Federal Reserve officials signaled they were prepared to raise interests rates three times next year and begin winding down pandemic stimulus efforts WSJWhatsNow
The Federal Reserve set the stage for a series of interest rate increases beginning next spring,that showed much greater concern about the potential for inflation to stay high.
Most central bank officials, in projections released Wednesday at the conclusion of their two-day meeting, penciled in at least three quarter-percentage-point rate increases next year. In September, around half of those officials thought rate increases wouldn’t be warranted until 2023.
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