The Federal Reserve is considering an accelerated timetable for interest rate increases, according to the minutes of the Fed's Jan. 25-26 meeting, which became public Wednesday.
The Wall Street Journal reports the first interest rate increase will take effect in March, followed by additional increases "at consecutive policy meetings, which occur roughly every six weeks, something they haven't done since 2006."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Romania's election chaos risks international falloutIN THE SPOTLIGHT By barring far-right candidate Calin Georgescu from the country's upcoming electoral re-do, Romania places itself in the center of a broader struggle over European ultra-nationalism
-
What is Mark Zuckerberg's net worth?The Meta magnate's products are a part of billions of lives
-
How to get student loan forgivenessthe explainer Four options for paying back (less of!) your federal student loans
-
Ukrainian election: who could replace Zelenskyy?The Explainer Donald Trump's 'dictator' jibe raises pressure on Ukraine to the polls while the country is under martial law
-
Why Serbian protesters set off smoke bombs in parliamentTHE EXPLAINER Ongoing anti-corruption protests erupted into full view this week as Serbian protesters threw the country's legislature into chaos
-
Arab leaders embrace Egypt's Gaza rebuilding planSpeed Read The $53 billion proposal would rebuild Gaza without displacing Palestinian residents
-
Germany's conservatives win power amid far-right gainsSpeed Read The party led by Friedrich Merz won the country's national election; the primary voter issues were the economy and immigration
-
Russia frees US teacher Marc Fogel in murky 'exchange'Speed Read He was detained in Moscow for carrying medically prescribed marijuana
-
Hamas pauses Gaza hostage release, upending ceasefireSpeed Read Hamas postponed the next scheduled hostage release 'until further notice,' accusing Israel of breaking the terms of their ceasefire deal
-
Baltic States unplug from Russian grid, join EU'sSpeed Read Estonia, Latvia and Lithuania are disconnecting from the Soviet-era electricity grid to join the EU's network
-
At least 11 killed in Sweden adult ed school shootingSpeed Read The worst mass shooting in Swedish history took place in Orebro
