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The majority of Fed members forecast three interest rate hikes in 2022 to fight inflation

Updated: Jan 5, 2023

The majority of the Federal Reserve sees three interest rate hikes in 2022, according to the central bank’s so-called dot plot of projections.

Wednesday’s forecast showed 12 Federal Open Market Committee members expect at least three rate raises next year. Five members expect two rate hikes and one member expects one hike in 2022.

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