Expect Bitcoin at $10k if This Happens
Fed Will Double Pace of Tapering
The Fed projects that it will hike its key fed funds rate three times, in quarter-point increments, in 2022. It sees the fed funds rate, now pegged at 0 to 0.25 percent, climbing to 2.1 percent by the end of 2024.
On Oct. 9, 2007, the Dow hit its pre-recession high and closed at 14,164.53.1 By Mar. 5, 2009, it had dropped more than 50% to 6,594.44. Although it wasn’t the greatest percentage decline in history, it was vicious.
Get ready for a larger-than-expected interest rate spike in 2022 | TheHill
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Author: H. A. Goodman