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Fed signals first interest rate hike coming in March as it scrambles to curb inflation
[Washington Examiner] The Federal Reserve has signaled that the first interest rate hike in years is on the horizon as it moves to leave its pandemic crisis posture and limit inflation.The Federal Open Market Committee released its decision Wednesday after a two-day monetary policy meeting. The central bank said in a statement that "it will soon be appropriate to raise" its interest rate target. Bond markets reacted to Wednesday's announcement by raising the implicit odds of a rate hike in March to 95%. Economists and investors have been eagerly awaiting news on when the central bank will decide to start raising rates from the near-zero level they have been at since the outset of the COVID-19 pandemic. The last time interest rates were hiked was in 2018. The Fed also announced Wednesday that its asset-purchasing program will end at the beginning of March. Posted by: Besoeker 2022-01-27 |
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