Central Banks
Powell to Set Stage for Slowing Fed Rate Hikes Amid Hawkish Tone
- Fed chair could stress need to bring labor market into balance
- Markets pricing a 50 basis-point December move and higher peak
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Chair Jerome Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rates increases next month, while reminding Americans that its fight against inflation will run into 2023.
Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering.