Project Manager at The Economic Times | Posted on
The US Federal Reserve has indicated that they are easing the pace of its proposed rate hikes in the coming months. During recent Fed review Chairman Jerome Powell has maintained rate at 2-2.5%, saying that the labour market has continued to strengthen, and that economic activity has been rising at a strong rate while inflation remains near its 2 percent target. In addition, Fed reaffirmed its plans to continue raising rates gradually, indicating a rate hike at its next meeting in December.
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