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MNI: Data Hurdles Seen Between Fed And Rate Hike 'Stepdown'

(MNI) WASHINGTON

Fed Chair Jerome Powell will likely tread cautiously in opening the door to a smaller 50bp rate increase in December.

Federal Reserve officials are considering when to start slowing the pace of rate hikes from 75 basis points per meeting, but Chair Jerome Powell will be reluctant to lock in such an outcome for December at his press conference next week, former Fed officials and a current outside adviser told MNI.

­­The Fed will be conscious that upside surprises to inflation and employment between now and the Dec 13-14 meeting could still necessitate another 75bp hike before the year is out, they noted.

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Federal Reserve officials are considering when to start slowing the pace of rate hikes from 75 basis points per meeting, but Chair Jerome Powell will be reluctant to lock in such an outcome for December at his press conference next week, former Fed officials and a current outside adviser told MNI.

­­The Fed will be conscious that upside surprises to inflation and employment between now and the Dec 13-14 meeting could still necessitate another 75bp hike before the year is out, they noted.

Keep reading...Show less