November 15, 2021

Fed to wait until 2023 to raise rates, but there is risk of earlier hike

The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File Photo

  • <a href=”reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=USGDPAAP economic poll data”></a>
  • <a href=”reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=USFOMC%3DECI Fed rates poll data”></a>
  • <a href=””>Reuters poll graphic on the U.S. Federal Reserve’s monetary policy outlook</a>

BENGALURU, Oct 20 (Reuters) – The Federal Reserve will wait until 2023 before raising interest rates, according to a majority of economists in a Reuters poll who nonetheless said the greater risk for the U.S. economy was persistently higher inflation over the coming year.

While half the members of the U.S. central bank’s policy-setting committee projected last month that the Fed would raise its benchmark overnight lending rate -…

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