The Federal Reserve is seen slowing the pace of its rate hikes after a government report showed consumer prices rose less than expected last month.
last month will likely let the Federal Reserve pare its rate increases as the impact of its monetary tightening may finally be showing up in the pace of price increases.
And traders in futures contracts tied to the Fed’s benchmark rate show traders now expect the blistering pace of policy tightening to slow next month. Still, she said, the current state of the economy can be summed up in just five words: inflation is much“While I believe it may soon be appropriate to slow the pace of rate increases so we can better assess how financial and economic conditions are evolving, I also believe a slower pace should not be taken to represent easier policy.”
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