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The Wall Street Publication > Blog > Business > Fed Tees Up Taper, Signals Rate Rises Possible Next Year
Business

Fed Tees Up Taper, Signals Rate Rises Possible Next Year

Editorial Board Published September 22, 2021
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Fed Tees Up Taper, Signals Rate Rises Possible Next Year
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The Federal Reserve signaled it was ready to start reversing its pandemic stimulus programs in November and could raise interest rates next year amid risks of a lengthier-than-anticipated jump in inflation.

The Fed’s rate-setting committee, at the end of a two-day gathering, indicated in its postmeeting statement Wednesday that it could start to reduce, or taper, its $120 billion in monthly asset purchases as soon as its next scheduled meeting, Nov. 2-3.

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