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17.12 - 14:41
The majority of Fed members forecast three interest rate hikes in 2022 to fight inflation
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cnbc.comThe majority of the Federal Reserve sees three interest rate hikes in 2022, according to the central bank's so-called dot plot of projections.
Wednesday's forecast showed 12 FOMC members expect at least three rate raises next year. Five members expect two rate hikes and one member expects one hike in 2022.
That's up from September's forecast where half of the Fed members saw at least one hike in 2022.
Every quarter, members of the committee forecast where interest rates will go in the short, medium and long term. These projections are represented visually in charts below called a dot plot.
The «longer run» dots remained unchanged from the FOMC's March meeting.
The Fed also dialed down its GDP projects for this year, according to its
Read more on cnbc.comAbout this in other media
Bank of Mexico Accelerates Interest-Rate Increases wsj.com /2 years ago
What the interest rate rise means for your mortgage, debt and savings theguardian.com /2 years ago
Bank of England raises interest rates to 0.25% theguardian.com /2 years ago
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