Fed, set to impose smaller hike, may hint of fewer increases,The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. A change in its statement, if there is one, could be seen as signaling an eventual pause in the Fed's aggressive drive to raise borrowing costs. Chair Jerome Powell is still likely to stress, though, that the Fed's campaign to conquer high inflation is far from over.
Fed, set to impose smaller hike, may hint of fewer increases
The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. A change in its statement, if there is one, could be seen as signaling an eventual pause in the Fed's aggressive drive to raise borrowing costs. Chair Jerome Powell is still likely to stress, though, that the Fed's campaign to conquer high inflation is far from over.
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