![]() The Fed may move at a more gradual pace of rate hikes, but this does not mean a pause is coming:.In our view, there were three key messages that Chair Powell and the FOMC delivered at the meeting last week: While the initial release of the Fed statement seemed more benign – the FOMC acknowledged the cumulative tightening it had done and noted that these rate increases operate with a lag to the real economy – the press conference that followed with Fed Chair Jerome Powell took on a notably hawkish tone. This was the Fed's fourth consecutive 75-basis-point rate hike, which brings the fed funds rate from near zero to 4.0% in about eight months, an unprecedented pace of interest-rate hikes in the U.S. Last week the Federal Reserve (Fed) raised the fed funds rate by 75 basis points (0.75%) at its November FOMC meeting. Fed's Message to Markets: We may slow our pace, but a pause in rate hikes is not in sight The Federal Reserve November rate decision ![]()
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