Fed seen to slow pace of rate hikes

By Agence France-Presse

Dec 15, 2022 12:06 am

WASHINGTON, D.C.: United States central bankers opened the second day of a key policy meeting on Wednesday, with mounting anticipation of a smaller hike to its benchmark lending rate as inflation showed signs of easing.

The Federal Reserve (Fed) has embarked on an all-out campaign to cool demand in the world's biggest economy, raising rates six times this year, with interest-sensitive sectors like housing already reeling from tightening policy.

Part of the exterior of the Federal Reserve building is seen beyond tree branches in Washington, D.C. on Aug. 18, 2022. AFP FILE PHOTO

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