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Powell says pace of interest-rate increases can slow as soon as December meeting

Por: MarketWatch Politics December 01, 2022

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While slowing the pace of interest rate hikes is dovish, Powell tried to balance his message by making make two hawkish points. He said the ultimate level of rates would have to be higher than was thought a few months ago and he tried to keep any talk of rate cuts off the table. “History cautions strongly against prematurely loosening policy,” he warned. Markets expect the Fed will lift the Fed funds rate by a half percentage point at its... + full article



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