Half a percentage point “is still a historically large increase and we still have some ways to go,” Fed Chairman Jerome Powell warns as policymakers wrap up final meeting of the year.
Category: Interest Rates
Federal Reserve Expected to Slow Rate Increases and Offer Hints at Future
Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.
Price Increases Cooled Notably in November as Inflation Began to Ease
Consumer Price Index data reinforces that inflation is beginning to cool down just ahead of the Federal Reserve’s December rate decision.