Interest Rate Hike Not Until 2023
The Fed – under Jerome Powell’s leadership that started in 2018 – signaled they expect to raise interest rates twice by late 2023, sooner than they anticipated in March, as the economy recovers rapidly from the effects of the pandemic and inflation heats up. 18 more months of super-low interest rates? I’ll take that! Some expect rates to rise sooner with rising inflation, an indicator of massive economic activity. We should be reminded that rates are at record lows. (WSJ)
Best,
Joujou
