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Fed foresees a potential rate hike as soon as next year

Fed foresees a potential rate hike as soon as next year

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The Federal Reserve signaled Wednesday that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago and a sign that it’s concerned that high inflation pressures may persist. In a statement, the Fed also said it will likely begin slowing the pace of its monthly bond purchases “soon” if.

...read full article on New York Post

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