The Federal Reserve met yesterday to discuss its most recent monetary policy as well as its projections for major economic indicators. The Fed announced that it expects two policy rate hikes by the end of 2023. Because of an effective vaccination campaign and a decrease in Covid cases, economic recovery has accelerated, forcing officials to shorten the time frame within which they are likely to reduce monetary support within the United States.
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The markets reacted swiftly and are likely to continue moving in new ways today. Here's what we're watching...
