Most Federal Reserve officials saw slower pace of hikes appropriate ‘soon’

“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” according to minutes from their Nov. 1-2 gathering released Wednesday in Washington. At the same time, “various” officials concluded that “the ultimate level of the federal funds rate that would be necessary to achieve the committee’s goals was somewhat higher than they had previously expected.”

from Stocks-Markets-Economic Times https://ift.tt/qm7OdwH