Fed's Powell: Rate hikes to slow, but adjustment just beginning - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Fed's Powell: Rate hikes to slow, but adjustment just beginning

In an hour-long session of prepared remarks and questions at the Brookings Institution think tank - his last scheduled appearance before the central bank's next meeting in two weeks - Powell gave a short-term message that sent markets soaring: The Fed was "slowing down" from the breakneck pace of three-quarter percentage point rate hikes that have prevailed since June, and would feel the way towards the peak interest rate needed to slow inflation to the Fed's 2% target.

from Stocks-Markets-Economic Times
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