Central Banks
Fed Points Toward a Pause in May After Run of Hikes Sinks In
- Three more months of price data to be in hand by May meeting
- Officials expected to slow hikes to 25 basis points this week
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Federal Reserve officials are on track to consider pausing interest-rate hikes following their March meeting if more evidence of cooling inflation rolls in.
That’s based on a timeline sketched out by one of the Fed’s most closely watched hawks, Governor Christopher Waller, who was an early advocate of the Fed’s front-loading rate-hike strategy last year.