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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
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WATCH: Fed Chair Jerome Powell’s press conference opening statement.(Source: Bloomberg)
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Federal Reserve officials sped up their expected pace of policy tightening amid optimism about the labor market and heightened concerns for inflation.