Investing.com – The Federal Reserve decided to exit its quantitative easing program faster than expected by keeping interest rates stable between 0% and 0.25%.
According to the median forecast published along with the press release, there are 3 possible rate hikes (0.75%) that could be applied in the next year as opposed to the point charts for September.
In addition, the new projections indicate that MPC members will see three more increases in 2023 and two the following year, which will raise borrowing costs to 2.1% at the end of 2024.
You can follow Governor Jerome Powell’s press conference here:
Fusion Media or anyone involved with Fusion Media shall have no liability for loss or damage as a result of reliance on the information including statements, quotes, charts and buy/sell signals included on this website. Please be fully aware of the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment.