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Rates May Rise Sooner Than Expected, Fed Indicates

·3 min read
Rates May Rise Sooner Than Expected, Fed Indicates

Advisors will be watching closely to see if the Fed gets more direct about future plans to taper bond purchases and lift interest rates. Fed Chairman Powell will hold a press conference at 2:30 Wednesday. Federal Reserve officials on Wednesday signaled interest rates could begin to move higher faster than previously expected just as they opened the door to trimming monthly bond purchases this year.