Fed confirms no rate increase before late 2022

clock • 1 min read

The United States Federal Reserve has predicted that interest rates will remain close to zero until the end of 2022 at the earliest and that unemployment levels will take years to return to pre-coronavirus pandemic levels. All but two Fed officials predicted the main interest rate would remain close to zero through 2022, with chairman Jay Powell adding: "We are not thinking about raising rates. We are not even thinking about thinking about raising rates." The US central bank reaffirmed its commitment to "using its full range of tools to support the US economy" and would leave rates un...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?