The Fed projects raising rates as high as 5.1% before ending inflation battle

The Fed projects raising rates as high as 5.1% before ending inflation battle

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The Federal Reserve will hike interest rates to as high as 5.1% in 2023 before the central bank ends its fight against runaway inflation, according to its median forecast released Wednesday. The expected "terminal rate" of 5.1% is equivalent to a target range of 5%-5.25%. The forecast is higher…

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