Interest rates could rise sooner than forecast as the economy recovers more quickly than expected from the throes of the Covid-19 damage, Atlanta Federal Reserve President Raphael Bostic said Monday. While most of his colleagues don’t see a rate hike coming through until at least 2023, Bostic said that he thinks the emergency measures the Fed has taken to combat the pandemic can start to be rolled back within the next two years if not sooner. … At their December meeting, members of the Federal Open Market Committee submitted their individual expectations for the next several years. The median expectation for the Fed’s benchmark lending rate was to stay in its current targeted range of 0% to 0.25% through 2023, with a longer-range estimate of 2.5%.
Source: CNBC – Bonds
