US Interest Rates

The interest-rate outlook keeps getting bleaker. Late last year, financial markets were pricing in the possibility that in May this year, the Federal Reserve Board would raise its benchmark interest rate by a quarter of a percentage point to between 0.25% and 0.5%.

By year’s end, the Fed was signaling that the first quarter-point hike would come in March and Fed officials were predicting three such increases in 2022 and four in 2023, taking the benchmark rate to about 2%.

Read more at “Getting real about US interest rates”