Fed to tighten credit faster, sees 3 rate hikes in 2022
Fed to tighten credit faster, sees 3 rate hikes in 2022
By Christopher Rugaber | The Associated Press
The Federal Reserve will quicken the pace at which it’s pulling back its support for the economy as inflation surges, and it expects to raise interest rates three times next year.
In a sharp policy shift, the Fed announced Wednesday that it will shrink its monthly bond purchases at twice the pace it previously announced, likely ending them altogether…