Skip to content
Markets
Economics

Fed Sees Two Rate Hikes by End of 2023, Inches Towards Taper

  • Thirteen of 18 officials see at least one rate hike in 2023
  • Powell says Fed to begin discussing scaling back bond buying
Video player cover image
WATCH: Fed Chair Jerome Powell’s press conference opening statement.(Source: Bloomberg)
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Federal Reserve officials sped up their expected pace of policy tightening amid optimism about the labor market and heightened concerns for inflation.