The Federal Reserve is Projecting a Rate Rise Over the Next Year

Reducing bond-buying programs more quickly opens door to an earlier interest rate rise

Fed officials voted to hold rates near zero on Wednesday, but the latest projections are a significant shift from just three months ago. In September, around half of those officials thought rate increases wouldn’t be warranted until 2023. It is the latest sign of how acceleration and broadening of inflationary pressures, together with signs of an ever-tighter labor market, is reshaping officials’ economic outlook and policy planning. Read More