Fed sees stronger economy and higher inflation, but no rate hikes

Fed sees stronger economy and higher inflation, but no rate hikes

- in Featured, Money
368
Comments Off on Fed sees stronger economy and higher inflation, but no rate hikes

The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation.

As widely expected, the policymaking Federal Open Market Committee also voted to keep short-term borrowing rates steady near zero, while continuing an asset purchase program in which the central bank buys at least $120 billion of bonds a month.

Read more at CNBC

You may also like

Protecting Retirement Portfolios in a Bear Market

According to a study by the Employee Benefit Research Institute,