Federal Reserve Signals Possible Pause in Interest Rate Hikes Amid Cooling Economy

InflationMoney Matters
Written By Jennifer Joslyn

Federal Reserve Chair Jerome H. Powell has indicated that the central bank may not raise interest rates further if the economy and inflation continue to cool as expected. Powell's comments suggest that the Fed could leave interest rates unchanged at its upcoming meeting in December. While investors have been anticipating potential rate cuts, Powell emphasized the Fed's commitment to bringing inflation down to its 2 percent target and stated that they are prepared to tighten policy further if necessary.

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Federal Reserve Signals Possible Pause in Interest Rate Hikes Amid Cooling Economy
Federal Reserve Signals Possible Pause in Interest Rate Hikes Amid Cooling Economy

Federal Reserve Chair Jerome H. Powell has indicated that the central bank may not raise interest rates further if the economy and inflation continue to cool as expected.

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What does this mean for you?

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The Fed promises more rate hikes despite easing inflationary woes

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Higher interest rates mean consumers will pay more to borrow money from institutions.

Jennifer Joslyn
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