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Fed Hints at Possible Slower Pace of Rate Increases; Fed Will Monitor Economic and Financial Developments
️*Fed Hints at Possible Slower Pace of Rate Increases
— Cable FX Macro (@cablefxmacro) November 2, 2022
*Fed Will Monitor Economic and Financial Developments
*Fed Will Take Into Account 'Cumulative Tightening,' Lag on Economic Impact
Added at 2:03pm
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FOMC: "In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments."
— Michael S. Derby (@michaelsderby) November 2, 2022
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