Interest rates are set to rise next year. Here's what that means
CNN
The Federal Reserve has sent a clear signal that the era of rock-bottom interest rates will end in 2022.
What's happening: Rates have been near zero since March 2020, when government leaders around the world shut down the economy to slow the spread of Covid-19. But on Wednesday, the Fed — in addition to announcing a faster end to its emergency bond-buying program — projected that its benchmark interest rate could rise to 0.9% in 2022.
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