Economics
Fed Seen Delivering One of the Most Hawkish Pivots in Years
- Economists expect Fed to accelerate taper, quicken hikes
- Richard Cordray seen leading for vice chair for supervision
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Federal Reserve officials this week will quicken their wind-down of bond purchases and signal interest-rate liftoff in 2022, economists surveyed by Bloomberg said, heralding a historic policy pivot to counter the fastest inflation since the 1980s.
More than half predict the Fed’s quarterly forecasts, released after the conclusion of its two-day meeting Wednesday, will show the median of 18 officials projecting two rate hikes next year from current levels near zero.