Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Powell signals downshift likely next month, more hikes to come

The Fed is expected to raise interest rates by 50 basis points when they meet Dec. 13-14

Bloomberg News

Chair Jerome Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, while stressing borrowing costs will need to keep rising and remain restrictive for some time to beat inflation. His comments, in a speech Wednesday at the Brookings Institution in Washington, likely cement expectations for the Fed to raise interest […]

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