Fed will 'definitely' pause hikes, but the cycle is not yet done, Standard Chartered CEO says

To avoid that, policymakers want to see that job and wage growth is cooling before ending the hiking cycle entirely, Winters said.

"So, if we can get the regular wage growth cycle back under control, then I think the Fed can stop here. But it's not done yet," he added.When the Fed does eventually decide that it has inflation under control and stops hiking, that will have a slowing effect on the U.S. economy and possibly beyond, Winters noted.

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