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Fed Could Pencil in Higher Interest Rates Next Year While Slowing Hikes in December
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Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.
They have raised rates this year at the fastest pace since the early 1980s, including by 0.75 point at each of their past four meetings to combat inflation. Fed Chair Jerome Powell indicated last week that the central bank was prepared to downshift the size of rate increases at its coming meeting on Dec. 13-14.
Read more on wsj.comAbout this in other media
How Long Should Powell Keep Raising Interest Rates? Fed Officials Are Divided wsj.com /1 year ago
How Long Should Powell Keep Raising Interest Rates? Fed Officials Are Divided wsj.com /1 year ago
Fed to Weigh Higher Interest Rates Next Year While Slowing Rises This Month wsj.com /1 year ago
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