Federal Reserve Board Chairman Jerome Powell announces the Fed is raising interest rates at a news conference after a Federal Open Market Committee meeting in Washington on September 26. Photo: EPA

Neutral no more? Fed officials foresee hiking US rates into restrictive territory, notes reveal

‘A substantial majority of participants expected that the year-end 2020 and 2021 federal funds rate would be above their estimates of the longer-run rate’

Topic |   Federal Reserve

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Federal Reserve Board Chairman Jerome Powell announces the Fed is raising interest rates at a news conference after a Federal Open Market Committee meeting in Washington on September 26. Photo: EPA
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