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Fed Officials Suggest Interest Rate Hikes May Be Nearing an End as Inflation Cools

  • Inflation has steadily declined from a peak of 9% in June 2022 to around 3% currently.
  • Multiple Fed officials acknowledge progress in lowering inflation but say more rate hikes may be needed to reach 2% target.
  • Officials are closely monitoring economic data and trends in inflation to determine if further hikes are required.
  • Projections indicate interest rates could hold steady or even decrease slightly in 2023 as inflation comes down.
  • Reaching the final stretch of 2% inflation target will likely be a slow and challenging process.
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