The Fed is now more likely than not to slow rate hikes to 25 basis points by February following cooler-than-expected November inflation data

Dec 13 2022 by Business Insider

 
Federal Reserve Board Chair Jerome Powell testifies about 'monetary policy and the state of the economy' before the House Financial Services Committee on March 02, 2022 in Washington, DC.

Win McNamee/Getty Images

Investors on Tuesday stepped up bets the Federal Reserve will continue to slash the size of rate hikes after 2022.  The CME FedWatch tool showed a 57.3% probability of a rate increase of 25 basis points in February compared with 35.1% a day earlier.  Investors were also pricing in...
Continue Reading The Fed is now more likely than not to slow rate hikes to 25 basis points by February following cooler-than-expected November inflation data