The Fed will stop buying billions of dollars of bonds in March, ahead of its previously announced goal of doing so in June....
Those bond purchases are intended to encourage more borrowing and spending by lowering longer-term rates. Fed officials now expect to hike short-term interest rates three times this year, a sharp shift from September, when they were split over doing it even once....
Rising pay could fuel more spending, possibly pushing prices higher....
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2022-01-11 00:00:00.0