Inflation is still red hot, and it's forcing the Federal Reserve into a new game plan
The Federal Reserve is opening the door to possible interest rate hikes earlier next year than had been expected, as it wrestles with the highest inflation in nearly four decades.
The Federal Reserve is paving the way for possible interest rate hikes next year, in an effort to contain stubbornly high inflation.
At the conclusion of a two-day policy meeting Wednesday, the central bank announced plans to phase out its large-scale bond-buying program faster than initially planned. The Fed started purchasing bonds during the pandemic as a way to keep borrowing costs across the economy low and to prevent any market disruptions.
Ending the bond purchases earlier would give the
