02-10-2022, 07:42 PM
In updated projections, the Fed signaled plans to lift rates by another 1.25 percentage points before the year is over, bringing the federal funds rate to 4.25-4.5 percent before 2022 comes to a close. Considering the Fed only has two meetings left, that could mean another 75 basis point hike in November followed by a half-point increase in December.
Looking even farther into the future, the Fed is bracing to lift rates to 4.5-4.75 percent by next year. Six officials, however, see rates soaring to 4.75-5.0 percent next year, which would be the highest since 2007 if it comes to fruition.
https://www.bankrate.com/banking/federal...s-in-2022/
Looking even farther into the future, the Fed is bracing to lift rates to 4.5-4.75 percent by next year. Six officials, however, see rates soaring to 4.75-5.0 percent next year, which would be the highest since 2007 if it comes to fruition.
https://www.bankrate.com/banking/federal...s-in-2022/