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Fed Officials Project Three Rate Rises Next Year and Accelerate Wind Down of Stimulus

Fed Officials Project Three Rate Rises Next Year and Accelerate Wind Down of Stimulus

Most Federal Reserve officials signaled Wednesday they were prepared to raise their short-term benchmark rate at least three times next year to cool high inflation.

As expected, officials also approved plans to more quickly scale back the Fed’s pandemic stimulus efforts in response to hotter inflation, opening the door to rate increases starting next spring.

Source: https://www.wsj.com/articles/fed-officials-project-three-rate-rises-next-year-and-accelerate-wind-down-of-stimulus-11639594785?mod=pls_whats_news_us_business_f