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Economics
Central Banks

Most Fed Officials Seek to Slow Pace of Interest-Rate Hikes Soon

  • ‘Various’ policymakers viewed peak rate as higher than before
  • Fed discussed lags, cumulative tightening, financial risks
Bloomberg business news
The Key Takeaways From the Latest FOMC Meeting Minutes
Updated on

Federal Reserve officials concluded earlier this month that the central bank should soon moderate the pace of interest-rate increases to mitigate risks of overtightening, signaling they were leaning toward downshifting to a 50 basis-point hike in December.

“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.