Fed Signals Rate Hikes

03/19/2002 | Washington Post, The

As the economic recovery appears to gain momentum, economists predict the Federal Reserve will raise interest rates this year. The current Fed policy stance favors risks of economic weakness. However, economists say the Fed today could shift its policy bias to balance economic weakness with the risk of inflation, signaling possible hikes. Experts don't expect rate increases until May 7 or the June 25 to 26 meetings.

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