According to the latest policy report released by the Federal Reserve on September 22, local time, if the US economic recovery continues to make the expected progress, the Federal Reserve may begin to slow down its asset purchases.
The Fed will continue to maintain the benchmark interest rate in the range of 0% to 0.25%. This is the close to zero interest rate that the Fed has maintained since the spread of the new crown pneumonia epidemic in the United States to ease the economic recession brought about by the epidemic. The Fed promises to buy $120 billion worth of bonds every month in an effort to keep credit prices low.
According to the latest economic forecast released by the Federal Reserve, it is expected that interest rates will increase to about 0.5% before the end of 2022, which is earlier than the previous May expectation, that is, interest rates will not be adjusted until 2023. Nine of the 18 Fed officials who attended the meeting said that they are expected to start raising interest rates sometime in 2022.
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