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Fed Set to Shrink Rate Hikes Again as Inflation Slows
Federal Reserve officials are set to shift down the pace of interest-rate hikes again in the coming week amid signs of slowing inflation, while Friday’s jobs report may show steady demand for workers that improves the chances of a soft landing for the the world’s largest economy. Policy makers are poised to raise their benchmark federal funds rate by a quarter percentage point on Wednesday, to a range of 4.5% to 4.75%, dialing back the size of the increase for a second-straight meeting. The move would follow a slew of recent data suggesting the Fed’s aggressive campaign to slow inflation is working. “I expect ... (full story)