Economic Buzz: Fed Might Moderate Pace Of Rate Increases In December Meeting

1 Dec 2022 , 09:01 AM

The US Fed Chief Jerome Powell stated that the Federal Reserve will slow the pace of interest rate rises next month in an otherwise hawkish speech warning the US central bank has a long way to go in its fight against inflation. The time for moderating the pace of rate increases may come as soon as the December meeting, the Fed chair said during an appearance at the Brookings Institution on Wednesday. My colleagues and I do not want to overtighten, Powell added.Powered by Commodity Insights