Federal Reserve to speed up reducing asset purchases

US Federal Reserve

The Federal Reserve announced today, Dec. 15, its plan to speed up the pace of reducing asset purchases, with the possibility to make three interest rate increases in 2022. 
   

After the meeting of the Monetary Policy Committee (MPC), the central bank decided to cut bond purchases by $30 billion as of January 2022, instead of the previously-announced reduction of $15 billion.
 

In addition, the Federal Reserve decided to maintain the interest rate at the current low range between zero to 0.25%.