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Central Banks

Fed Seen Raising to 4% in 2022 And Signaling Higher for Longer

  • Economists’ consensus is for 75 basis-point hike next week
  • Rates seen staying at peak in 2023 as Fed battles inflation
Bloomberg business news
WATCH: Investor Mark Mobius says US interest rates could peak at 9% if inflation keeps rising.Source: Bloomberg

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Federal Reserve officials will signal a more hawkish stance next week, with interest rates reaching 4% by December and staying high through 2023, economists surveyed by Bloomberg said.