Fed signals first interest rate hike coming in March as it scrambles to curb inflation

Posted on AllSides January 26th, 2022
From The Right

The Federal Reserve has signaled that the first interest rate hike in years is on the horizon as it moves to leave its pandemic crisis posture and limit inflation.

The Federal Open Market Committee released its decision Wednesday after a two-day monetary policy meeting. The central bank said in a statement that "it will soon be appropriate to raise" its interest rate target.

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