Skip to main content

Business Highlights: Fed Makes Shift, Stocks End Higher

The Federal Reserve will quicken the pace at which its pulling back its support for the postpandemic U.S. economy as inflation surges, and it expects to raise interest rates three times next year. In an abrupt policy shift, the Fed announced that it will shrink its monthly bond purchases at twice the pace it previously announced, likely ending them in March. The bond purchases were intended to hold down longterm rates to aid the economy but are no longer needed with unemployment falling and inflation at a near40year high. The accelerated timetable puts the Fed on a path to start raising rates in the first half of next year.

https://ift.tt/eA8V8J
Labels:

Comments

Post a Comment

Popular posts from this blog

Britain To Send Troops To Kabul To Help UK Nationals Leave

London (AP) Britain will send around 600 troops to Afghanistan to help UK nationals leave the country amid increasing violence and deteriorating security, the ministry of defense said Thursday. A ministry statement said the troops will provide protection and logistical support for the relocation of British nationals where required. They will also help speed up efforts to swiftly relocate to Britain interpreters and other Afghan staff who worked alongside UK forces in Afghanistan.. https://ift.tt/eA8V8J
Post a Comment
Read more

Maldives Issues Travel Advisory for Indians Travelling To Island Nation for Holidays: Check Here

As per a directive issued by Maldivian government, they are suspending tourists travelling from India to Maldives from staying at tourist facilities in inhabited islands. The order will be in force from April 27. https://ift.tt/3aEFUXr
Post a Comment
Read more