
Interest rate hikes are expected to follow soon after the tapering, marking a divergence from the Fed’s so-far dovish approach to inflation.
The Federal Reserve has signalled support for three interest rate rises next year following the conclusion of the Federal Open Market Committee’s (FOMC) two-day policy meeting on Wednesday (15 December).
FOMC chose to keep rates low, at between 0 and 0.025%, but hinted at bolder action over the course of 2022 and released a statement yesterday outlining an acceleration of its bond tapering programme...
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