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.
Well good. Those of us who rely on interest from CD’s and savings accounts have been screwed for the last two years.
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Fed Officials Project Three Rate Rises Next Year and Accelerate Wind Down of StimulusMost Federal Reserve officials signaled Wednesday they were prepared to raise their short-term benchmark rate at least three times next year to cool high inflation. Oh goody, anther price increase. Glad I'm made of money.
Source: WSJ - 🏆 98. / 63 Read more »
The majority of Fed members forecast three interest rate hikes in 2022 to fight inflationEvery quarter, members of the committee forecast where interest rates will go in the short, medium and long term.
Source: CNBC - 🏆 12. / 72 Read more »
Fed to accelerate tightening, with as many as three rate hikes in 2022The Federal Reserve is further tightening up its pandemic-era easy money policy and will increase the pace of tapering, a move that could usher in rate hikes That totally won't crash the economy (even though it was always going to crash anyway). If they actually do that, Dems won't lose 40 seats in the House.... They'll lose 60. I have faith we’ll get this inflation down, the best minds are working towards that. Only issue being the best minds don’t always vote, and we also need votes on packages that look to build back better.
Source: NBCNews - 🏆 10. / 86 Read more »
2022 economy will be hotter and pricier than Fed expected in SeptemberInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. 지금은 구별될 때입니다 AmGoingToMenengai 나는_메넹가이로_갑니다 2022年的经济将比美联储三个月前的预期更热、更贵
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fed finally steps up to fight high inflation after downplaying rising prices for monthsThe Federal Reserve has never forecast U.S. inflation to rise by more than 2.2% in the following year since the 2007-2009 Great Recession. Until now.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks Close Higher as Investors Welcome Fed DecisionStocks rallied after the Fed opened the door to a spring rate increase. The Dow erased early losses to gain 380 points and Treasury yields rose. Nothing like an interest rate increase to make stocks rally! Opposite world. The momentary system is anthropocentric & unnecessary. Post scarcity - the solution... Poverty is essential in the current system. Value is an agreement. Technology in place of manufacturing & production creates abundance. No one needs to work. Governments represent corporations good luck
Source: WSJ - 🏆 98. / 63 Read more »