Washington Wire

Recent

“...I believe it will be appropriate to move the funds rate up in March and follow with further increases in coming months,” Cleveland Fed President.

San Francisco Fed Reserve Pres. Mary Daly said she expects U.S. central bank will need to raise rates at least four times this year, and likely more.

Municipals are especially vulnerable because they depend on retail buyers, and there’s an “inherent fear of rates rising always".

As labor market continues to improve and the Fed set to begin raising interest rates as early as this spring, inflation may be approaching its peak.

Brainard said officials will likely kick off "series of rate increases" at meeting in March, followed by decreases in the size of Fed balance sheet.

Along with being expected to start rate hike cycle in March, US Fed Reserve is expected to stop purchasing assets to add to $9 trillion bal. sheet.

The Federal Reserve is ready to raise interest rates and reduce its balance sheet, according to minutes released Wednesday.