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Bloomberg Wealth: What Will It Take for the Fed to Stop Hiking?

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following the Nov. 2 rate decision.

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following the Nov. 2 rate decision.

Photographer: Al Drago/Bloomberg

Another month, another big rate hike.

As expected, the Federal Reserve increased benchmark interest rates by 75 basis points at its meeting Wednesday. That’s the fourth consecutive time the central bank has done so this year in its bid to tackle persistently high inflation.