Economy

The Fed will halt asset purchases by March and hike rates in June, CNBC survey predicts

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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., on Tuesday, Nov. 30, 2021.

Al Drago | Bloomberg | Getty Images

Here comes the Fed.

After 20 months of the most aggressive easing policies ever put in the place by the Federal Reserve — designed to combat the economic effects of the coronavirus pandemic — market participants now forecast a gradual reversal of central bank policy that will bring both a faster taper and quicker rate hikes over the next several years.

The CNBC Fed Survey finds that respondents expect the Fed to double the pace of the taper to $30 billion at its December…



Source cnbc.com

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