One of the main takeaways from Fed Chairman Jerome Powell’s press conference and the central bank’s policy statement Wednesday is the growing possibility that the rate-hiking cycle is already over, economists said Wednesday.
“The Fed’s latest policy statement and Chair Powell’s opening comments to his November press conference open the door for the Fed to end the current rate-hike cycle with interest rates at their current level, rather than hiking more,” said Bill Adams, chief economist for Comerica Bank in Dallas.
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