The Federal Reserve just hiked interest rates for the 10th time in a row. It could be the last.
. Fed Chair Jerome Powell has indicated he wants to see wage growth cool off before considering a pause on interest rate hikes.also appeared to soften slightly from past statements, saying that it"will closely monitor incoming information and assess the implications for monetary policy."
And Powell left room for a pause on rate hikes in June, as well, while taking questions during the Wednesday press conference. While it's clear the country is making progress toward reaching the Fed's goal of a 2% inflation level, there is still a ways to go and Powell has continued to maintain rate increases will continue for as long as he deems necessary to reach that target.in March."And because we know in the longer run that that is the thing that will most benefit the people we serve."
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