Fed weighs rate hikes in 2022 as economy, inflation pick up
Fed weighs rate hikes in 2022 as economy, inflation pick up
Federal Reserve officials signaled they would probably begin tapering their bond-buying program soon and revealed a growing inclination to start raising interest rates in 2022.
If progress toward the Fed’s employment and inflation goals “continues broadly as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted,” the U.S. central bank’s…