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Fed to Pivot to Fast Taper, More Rate Hikes: Decision-Day Guide

  • Surging inflation to push FOMC on to less dovish policy path
  • New dot plot to reveal Fed projections for 2022-23 rate hikes
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Powell Says Fed to Double Taper Pace in Inflation Pivot

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Federal Reserve policy makers are poised to accelerate their removal of monetary stimulus as a step toward the first interest-rate increases since 2018 as they pivot to restraining the hottest inflation in almost 40 years.