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{"id":37344,"date":"2023-06-14T18:51:00","date_gmt":"2023-06-14T18:51:00","guid":{"rendered":"https:\/\/financeworld24.com\/the-fed-forecasts-two-more-hikes-in-2023-taking-rates-as-high-as-5-6\/"},"modified":"2023-06-14T18:51:00","modified_gmt":"2023-06-14T18:51:00","slug":"the-fed-forecasts-two-more-hikes-in-2023-taking-rates-as-high-as-5-6","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/the-fed-forecasts-two-more-hikes-in-2023-taking-rates-as-high-as-5-6\/","title":{"rendered":"The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%"},"content":{"rendered":"
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WASHINGTON, DC – MAY 03: Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high. (Photo by Anna Moneymaker\/Getty Images) (Photo by Anna Moneymaker\/Getty Images)<\/p>\n
Anna Moneymaker | Getty Images News | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
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The Federal Reserve paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6% before 2023 is over, according to the central bank’s projections released on Wednesday.<\/p>\n