At the conclusion of its two-day meeting, the central bank said it will aggressively unwind last year's bond buying after a variety of inflation reports reachedAlthough interest rates will stay near zero for now, Fed officials set the stage for the first of multiple rate hikes starting as soon as March as they look to"With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds...
Now that the central bank's easy money policies are about to end, consumers will have pay more to borrow and still barely benefit from better rates on their deposits. "The cumulative effect of rate hikes is what is really going to have an impact on the economy and household budgets," he added.are edging higher, since they are influenced by the economy and inflation.to 3.75%, and is likely to climb to 4% by the end of 2022, according to Jacob Channel, senior economic analyst at LendingTree.
Source: Loan Digest (loandigest.net)
Depression inbound
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