FORGET COVID: FED PIVOTS TO FOCUS ON INFLATION CONCERNS

Source: RIS Media — 

The Federal Reserve is queuing up to make more aggressive moves in the coming years, a departure from the easing-in strategy it implemented amid the pandemic to incentivize economic recovery.

While Fed officials voted to hold rates near zero on Wed., Dec. 15, the latest projections are an about face from September’s outlook, when several officials said we likely wouldn’t see rate increases until 2024.

With inflation levels continuing to rise, however, the Fed is taking bold actions to curb the growth rate.