Rate hikes
May 25, 2023
The US Federal Reserve will likely pause rate hikes next month, which markets will welcome.
Earlier in May, US central bank officials were divided on whether to continue rate hikes at the upcoming June meeting, as per the minutes of the May 2-3 meeting published on Wednesday.
Indeed, the minutes stated: "Several [policymakers] noted if the economy evolved along the lines of their current outlooks, then further policy firming after this meeting may not be necessary."
However,
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