{"id":518803,"date":"2022-11-30T22:39:37","date_gmt":"2022-11-30T19:39:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/rate-hike-slowdown-possible-in-december\/"},"modified":"2022-11-30T22:39:37","modified_gmt":"2022-11-30T19:39:37","slug":"rate-hike-slowdown-possible-in-december","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/rate-hike-slowdown-possible-in-december\/","title":{"rendered":"#rate-hike slowdown possible in December"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a261ee6e4550\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a261ee6e4550\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/rate-hike-slowdown-possible-in-december\/#%E2%80%9Crate-hike_slowdown_possible_in_December%E2%80%9D\" >&#8220;rate-hike slowdown possible in December&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/rate-hike-slowdown-possible-in-december\/#%E2%80%98Long_way_to_go\" >\u2018Long way to go\u2019<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9Crate-hike_slowdown_possible_in_December%E2%80%9D\"><\/span>&#8220;rate-hike slowdown possible in December&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>The Federal Reserve could scale back the pace of its interest rate hikes \u201cas soon as December,\u201d Fed Chair Jerome\u00a0Powell\u00a0said Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long.<\/p>\n<p>\u201cIt makes sense to moderate the pace of our rate increases as we <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach the level of restraint that will be sufficient to bring inflation down. The time for moderating the pace of rate increases may come as soon as the December meeting,\u201d\u00a0Powell\u00a0said in remarks prepared for delivery at the Brookings Institution think tank\u00a0in Washington.<\/p>\n<p>But, in a speech emphasizing the work left to be done in controlling inflation,\u00a0Powell\u00a0said that issue was \u201cfar less significant than the questions of how much further we will need to raise rates to control inflation, and the length of time it will be necessary to hold policy at a restrictive level.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-jerome-powell.jpg?w=1024\" alt=\"Federal Reserve Chair Jerome Powell\" class=\"wp-image-24842242\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-jerome-powell.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-jerome-powell.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-jerome-powell.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>\u201cDespite the tighter policy and slower growth over the past year, we have not seen clear progress on slowing inflation,\u201d Fed Chair Jerome Powell said in a speech Wednesday.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>While the Fed chief did not indicate his estimated \u201cterminal rate,\u201d\u00a0Powell\u00a0said it is likely to be \u201csomewhat higher\u201d than the 4.6% indicated by policymakers in their September projections.\u00a0He said curing inflation \u201cwill require holding policy at a restrictive level for some time,\u201d a comment that appeared to lean against market expectations the central bank could begin cutting rates next year as the economy slows.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cWe will stay the course until the job is done,\u201d\u00a0Powell\u00a0said, noting that even though some data points to inflation slowing next year, \u201cwe have a long way to go in restoring price stability \u2026 Despite the tighter policy and slower growth over the past year, we have not seen clear progress on slowing inflation.\u201d<\/p>\n<p>The Fed\u2019s response to the fastest outbreak of inflation in 40 years has been a similarly abrupt increase in interest rates. With a half-percentage-point increase expected at its Dec. 13-14 meeting, the central bank will have lifted its overnight policy rate from near zero as of March to the 4.25%-4.5% range, the swiftest change in rates since former Fed Chair Paul Volcker was battling an even worse rise in prices.<\/p>\n<p>That has made home mortgages and other forms of credit more expensive for consumers and businesses.<\/p>\n<p>It has not, however, caused any appreciable impact on the job market, where the\u00a0current\u00a03.7% unemployment rate has led some policymakers to argue they are free to tighten rates further without much risk.<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-inflation.jpg?w=1024\" alt=\"Shoppers during Black Friday\" class=\"wp-image-24842487\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-inflation.jpg?quality=75&amp;strip=all&amp;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-inflation.jpg?quality=75&amp;strip=all&amp;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-inflation.jpg?quality=75&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-inflation.jpg?quality=75&amp;strip=all&amp;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-inflation.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\"\/><figcaption>Powell\u00a0noted that while goods inflation has been easing, the\u00a0cost of\u00a0housing is likely to continue to rise into next year.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>But it has also had no convincing impact yet on inflation, a fact that has left open just how much further the Fed may need to raise rates into what it refers to as \u201crestrictive\u201d territory designed to slow the economy.<\/p>\n<p>Powell\u00a0said that Fed estimates of October inflation showed its preferred measure still rising at about <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>le the central bank\u2019s 2% target.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%98Long_way_to_go\"><\/span>\u2018Long way to go\u2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Powell\u00a0noted that while goods inflation has been easing, the\u00a0cost of\u00a0housing is likely to continue to rise into next year, while key price measures for services remain high and the labor market tight.<\/p>\n<p>\u201cGrowth in economic activity has slowed to well below its longer-run trend,\u201d\u00a0Powell\u00a0said. But for inflation to slow \u201cthis needs to be sustained. Bottlenecks in goods production are easing and goods price inflation appears to be easing as well, and this, too, must continue.\u201dBut \u201cwe will likely see housing services inflation begin to fall later next year,\u201d he said. Citing\u00a0data released\u00a0earlier on Wednesday that showed still about 1.7 job openings for each unemployed person, he said that \u201cso far, we have seen only tentative signs of moderation of labor demand.\u201d<\/p>\n<p>\u201cDespite some promising developments, we have a long way to go in restoring price stability.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/30\/feds-jerome-powell-rate-hike-slowdown-possible-in-december\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;rate-hike slowdown possible in December&#8221; The Federal Reserve could scale back the pace of its interest rate hikes \u201cas soon as December,\u201d Fed Chair Jerome\u00a0Powell\u00a0said Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":518804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/fed-jerome-powell.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[136427,5069,70550,70551,70552,78738],"class_list":["post-518803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-30-22","tag-economy","tag-federal-reserve","tag-inflation","tag-interest-rates","tag-jerome-powell"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/518803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=518803"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/518803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/518804"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=518803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=518803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=518803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}