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Fed will slow down pace of interest-rate hikes, Powell says

Por: CBS News Politics November 30, 2022

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The Federal Reserve will slow down the pace of interest rate hikes, Chair Jerome Powell said on Wednesday, giving markets hope that the aggressive cycle of rate increases will ease up. In remarks delivered at the Brookings Institution, Powell said that, while the central bank may ultimately raise rates to a higher level than it initially planned, it would do so in smaller increments. The time for moderating the pace of rate increases may come as... + full article



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