The Federal Reserve now forecasts at least two rate hikes by the end of 2023

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The Federal Reserve now sees at least two interest rate hikes in 2023, according to the central bank’s so-called dot plot of projections.

Wednesday’s forecast showed 13 members of the Federal Open Market Committee believe the Fed will increase rates in 2023 and the majority of them believe the central bank will hike at least twice that year. Only five members still see the Fed staying pat through 2023. In fact, seven of the 18 members see the Fed possibly increasing…



Source cnbc.com

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