ONLN - ETFs that can benefit from rising interest rates

alicat/E+ via Getty Images The Federal Reserve has kept rates near zero in its latest FOMC statement and continues to purchase assets at their current rate. However, Federal Reserve officials on Wednesday indicated that they expect two interest rate increases by the end of 2023. Before Wednesday's summary of economic projections, more than half of the Federal Reserve officials estimated that rates would remain near zero into 2024. However, now officials envision rates rising to 0.6% by the end of 2023. In the press conference, Fed Chairman Jerome Powell stated: "Widespread vaccinations along with unprecedented physical policy actions are also providing strong support to the recovery. Indicators of economic activity and employment have continued to strengthen, and real GDP this year appears to be on track to post its fastest rate of increase in decades. Much of this rapped growth reflects the continued bounce back in activity from depressed levels." With

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ETFs that can benefit from rising interest rates