FOMC Minutes: Most Fed officials backed slowing the pace of rate hikes soon
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There is volatility in the markets following the Fed minutes that show a substantial majority of the board see slowing hikes soon.
Fed says rate peak to be higher than previously expected.
Uncertain lags, magnitudes reasons cited for fed slowdown.
Few participants: slowing pace reduces financial risks.
Few officials: advantageous to wait before slowing pace.
More to come…
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