Fed Signals a Dramatic Shift in Policy—With Big Changes Coming for Interest Rates

On November 15, the Federal Reserve announced that they could raise interest rates as many as three times in 2022, signaling a dramatic shift in policy. This is big news because at the start of the COVID-19 pandemic the Fed made two big moves to stimulate the economy. It lowered interest rates to near–zero and began a program of asset purchases—both of which worked as intended. And now it appears we’ll be taking a step back from those two stimuli in 2022, which could have a significant impact on the housing market.
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