Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most

Posted on AllSides September 21st, 2022
From The Center
Elizabeth Frantz | Reuters

It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank ends its two-day meeting Wednesday.

The Fed is expected to fire off another three-quarter point rate hike — its third in a row. It will also release quarterly forecasts for inflation, the economy, and the future path of interest rates Wednesday at 2 p.m. ET.

The Fed’s projections are always important, but this time they are even more so because investors have been trying...

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