Fed can do first-rate hike in May: economist
ANKARA - The US Federal Reserve could do its first interest rate increase as early as May, after signaling three hikes for next year, according to Ryan Sweet, an economist at Moody's Analytics. After the Fed's much-awaited two-day meeting concluded on Wednesday, the central bank removed the word "transitory" from describing inflation, saying it would end tapering sooner by doubling the pace of its asset purchases. It signaled three hikes for 2022 to tame record inflation. At a news conference afterward, Fed Chair Jerome Powell said the central bank could raise interest rates ...
Source: philippinetimes.com
