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Fed sees faster time frame for rate hikes as inflation rises

Fed sees faster time frame for rate hikes as inflation rises

The Federal Reserve signaled on Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession. Fed’s policymakers forecast that they would raise their benchmark short-term rate twice by late 2023. They had previously estimated that no rate hike would occur before 2024.

Kathy
Kathy
Got Truth
Got Truth 1 months

Prepare to be crushed by your dept America. It's another reward you'll receive for voting in a progressive socialist government. And some of you thought you'd only get sky rocketing urban crime. More to come I'm sure.

Trevor
Trevor 1 months

This was coming with or without Joe. Not a fan of Democrats by any stretch but the last president to try and get rid of the Fed was a Democrat. Your finger is pointed in the wrong direction. Or at least too direct of a direction.

Central Scrutinizer
Central Scrutinizer 1 months

We're not out of trouble yet, this is really going to hurt the average citizen. Chalk another circuitry l victory up to those in control. It's much easier too control the destitute. Harry Harrison was right!

Shmule
Shmule 0 months

Thanks, Biden. Big spender, energy destroyer, bringer of runaway inflation.

Patrick
Patrick 0 months

Surprise surprise, we're $80 trillion in debt. Taxes and rates are going up.

Doug Star
Doug Star 0 months

In the end, inflation will overwhelm this terminally flawed $ystem, and a loaf of bread will cost you over USD$20. People will be crowded together at freeway offramps, and holding signs that read: . "Will Work for Anything Edible!"

coughdrop1989
coughdrop1989 0 months

If you're suprised that inflation is gonna hit then you deserve the slap in the face that reality is gonna give when it happens.

JustMy.02
JustMy.02 1 months

This is going to crush our over bloated real estate market here in California.

Patrick
Patrick 0 months

Oh come on... Modern Monetary Theory solves all this. We don't need no stinking rate or tax increase. Cancel rent too. Hell, just make everyone a billionaire and let's be done with it.

Julian
Julian 0 months

These criminals should be in jail

Patrick
Patrick 0 months

"Brought to you by Carl's Jr "

down_with_nambla
down_with_nambla 0 months

The federal reserve (and the rest of the government) needs to step out of trying to influence the economy. The government trying to regulate and control every just makes it worse, as has been seen time and time again. #EndTheFed

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Fed sees faster time frame for rate hikes as inflation rises

1 months