The Fed hints at raising interest rates in 2023

0
10


Today, Wednesday, the Federal Reserve presented the expected date for raising interest rates in the post-pandemic stage to 2023, attributing this to the improvement in the health situation.
The Federal Reserve stressed its pledge to wait for “more significant progress” before starting to switch to policies less linked to the pandemic and to wait more until the economy is fully opened.
The new tone does not mean an imminent change in policy, as the Federal Reserve today kept its main short-term interest near zero and said that it will continue to buy $ 120 billion in bonds every month to support the economic recovery, according to Reuters.
The median forecast by policymakers now is that the first rate hike will come in 2023 rather than 2024.





LEAVE A REPLY

Please enter your comment!
Please enter your name here