US Federal Reserve decisions - Economist

As many economists expected, the US Federal Reserve decided to accelerate the pace of reducing asset purchases to 30 billion dollars from 15 billion, and as a result, the US stock indexes fell.

The Fed also kept interest rates unchanged in the range from 0 to 0.25% but announced that it could raise interest rates 3 times next year, and in the same context, the Federal Reserve announced that it would end its asset purchases program in March 2022.

The Federal Reserve expects US GDP to grow at a rate of 4% in 2202, at a rate of 2.2% in 2023, and at a rate of 2.0% in 2024.

The Fed also expected that the unemployment rate in the United States would reach 3.5% in 2022, 2024, and 2025, and in the same context, all members of the Federal Reserve’s Monetary Policy Committee expected to raise the interest rate from zero in 2022.