WASHINGTON: Slowing inflation and a cooling property sector are fuelling expectations that the United States central bank can adopt a smaller interest rate hike this week, as policymakers assess current efforts to rein in prices.
"A slower pace of rate hikes will give the committee time to assess the full economic effects of monetary tightening thus far," said Moody's Investors Service in a report. "They are seeing the desired effects of policy," Rubeela Farooqi of High Frequency Economics told AFP.Related:Although demand appears to be moderating and supply bottlenecks have eased, spending has been stronger than expected.
Yea…after BLS massages the number lower than actual but it still won’t stop it from flaring higher again once the FED relent on their plan to continue the path of hiking. Good luck.😎
the world pegs their currency too much on the overrated US dollar...
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