Economics
Powell Seen Slowing Fed’s Hikes After 75 Basis Points Next Week
- Surveyed economists see a big July increase, then a downshift
- Rates may peak at 3.75% in February and then decline
Jerome Powell
Photographer: Al Drago/BloombergThis article is for subscribers only.
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Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second straight 75 basis-point hike next week, economists surveyed by Bloomberg said.