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Fed holds rates at near zero, projects two possible rate hikes by end of 2023

Brian Cheung

Yahoo Finance

The Federal Reserve on Wednesday held interest rates at near-zero but optimism over the progression of the U.S. economic recovery spurred more Fed officials to pencil in rate hikes by the end of 2023.

The Fed also reiterated for now its commitment to its asset purchase program, which is absorbing about $120 billion a month in assets.

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