The days of rock-bottom rates are nearly over. The central bank will unwind last year’s bond buying sooner than originally planned after recent reports on inflation continued to show a sharp rise in prices. While the Federal Reserve said Wednesday that interest rates will stay near zero for now, the tapering of bond purchases is seen as the first step on the way to interest-rate hikes. “For consumers, the writing is on the wall that interest rates are likely to start climbing in 2022,” said Greg McBride, chief financial analyst at Bankrate.com.
Source: CNBC – Bonds
