On Wednesday the Federal Reserve will likely take the first steps in paring back its stimulus — by raising interest rates for the first time since the global pandemic began.
High inflation makes it a near certainty that the central bank will move to “tighten” its policies of printing money, by raising the target federal funds rate (the benchmark for short-term interest rates) by 0.25%.
The uncertainty for Fed policy lies in how aggressive the central bank will move after the first…
Source link
