The 2022 economy will be hotter and pricier than the Fed expected just three months ago
officials' latest forecasts are correct, the US economic recovery is going to run hot for a little while longer.
Growth is also expected to exceed the Fed's September estimates. Gross domestic product is now projected to grow 4% in 2022, up from the previous median forecast of 3.8%. That comes at the expense of a slightly weaker expansion the following year. The economy is estimated to grow 2.2% in 2023, down from the last forecast of 2.5%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed will tighten credit faster and sees 3 rate hikes in 2022 | AP NewsWASHINGTON (AP) — The Federal Reserve will quicken the pace at which it's pulling back its support for the post-pandemic U.S. economy as inflation surges, and it expects to raise interest rates three times next year.
Read more »
The majority of Fed members forecast three interest rate hikes in 2022 to fight inflationEvery quarter, members of the committee forecast where interest rates will go in the short, medium and long term.
Read more »
The Fed hints at multiple rate hikes in 2022 to combat inflationThe Federal Reserve will wrap up its pandemic-era stimulus program faster and expects to raise interest rates more in 2022 than projected in September.
Read more »
Fed doubles tapering pace and forecasts higher interest rates in 2022Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Shaun White says Beijing Winter Olympics in 2022 will likely be his lastSnowboarder Shaun White's last ride down an Olympic halfpipe may be in 2022 at the Winter Olympics in Beijing, China.
Read more »
Omicron set to be Europe's dominant variant by early 2022 - ECDCThere is a 'very high' risk the Omicron variant of COVID-19 will become dominant in Europe by early next year and lead to a growing number of hospital admissions and deaths, the European Union's public health body said on Wednesday.
Read more »