The frontloading of interest rate hikes appears to be coming to an end as the Federal Reserve’s policy-setting committee downshifted its policy rate increase on Wednesday to 25 basis points, or one-quarter of a percentage point, the smallest increase in seven meetings.
Powell Eases Up on the Brakes As Economy Cools
Fed Downshifts To Make Smallest Rate Increase in Its Last Seven Meetings
CoStar Analytics
February 1, 2023 | 9:10 P.M.
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