Fed doubles taper, signals three 2022 hikes in inflation pivot

Heralding one of the most hawkish policy pivots in years, the central bank said Wednesday it will double the pace at which it’s scaling back purchases of Treasuries and mortgage-backed securities to $30 billion a month, putting it on track to conclude the program in early 2022, rather than mid-year as initially planned.

from Markets-Economic Times https://ift.tt/3q6xNd8
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