Published 1 year ago

Fed Chair Powell says smaller interest rate hikes could start in December

Summary by Associated Press News

The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation.

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Times of India

Rate-hike slowdown possible next month, inflation fight far from over: Fed chief Jerome Powell

The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," Fed Chair Jerome Powell said on Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long.

1 year ago·India

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BBC News

US signals shift to slower interest rate increases

Markets soared after the Federal Reserve signalled a shift in its inflation fight.

1 year ago·United Kingdom

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CTV News

Asian shares gain after Fed chair signals slower rate hikes

Shares advanced in Europe and Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.

1 year ago·Canada

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The Independent

Asian shares gain after Fed chair signals slower rate hikes

Shares have advanced in Asia after a rally on Wall Street spurred by the chair of the Federal Reserve's comments on easing the pace of interest rate hikes to tame inflation

1 year ago·London, United Kingdom

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Reuters

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

Federal Reserve Chair Jerome Powell said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the U.S. remains chronically short of workers.

1 year ago·United Kingdom

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