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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (73477)	11/5/2022 5:35:56 PM
From: bull_dozer	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97931

Top Fed officials back slower future pace of rate rises Presidents of central bank’s Boston and Richmond arms acknowledge higher ‘endpoint’ Top officials at the Federal Reserve have backed a slower future pace of interest rate increases, suggesting the recent series of 0.75 percentage point moves could be drawing to a close even as the US central bank targets a higher endpoint for its monetary tightening campaign. Speaking just days after the Fed delivered its fourth consecutive supersized rise, presidents at regional bank branches in Boston and Richmond underscored that its efforts to tame sky-high inflation are entering a new phase. Given the benchmark policy rate — now in a range between 3.75 per cent and 4 per cent — is now at a level that is more actively restricting the economy, both officials indicated their support for a slower pace of rises going forward. “I think you could credibly say we have our foot on the brake, and I think when you get your foot on the brake, you just think about steering in a very different way,” Richmond Fed president Thomas Barkin said in an interview with CNBC. ft.com