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17.12 - 14:41
Fed Prepares Faster End to Stimulus, Making Earlier Rate Increases Possible
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Federal Reserve officials are likely to quicken the wind-down of their bond-buying stimulus program at the conclusion of their two-day policy meeting on Wednesday, opening the door to interest-rate increases in the first half of next year.
The move to end the stimulus program sooner than officials planned at their meeting last month offers the most concrete sign of how Fed Chairman Jerome Powell’s focus is shifting toward preventing higher inflation from becoming entrenched and away from fostering a rapid rebound in hiring.
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