Jerome Powell Signals Fed Prepared to Slow Rate-Rise Pace in December

Jerome Powell Signals Fed Prepared to Slow Rate-Rise Pace in December

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WASHINGTON—Federal Reserve Chair Jerome Powell indicated the central bank is on track to raise interest rates by a half percentage point at its next meeting, stepping down from an unprecedented series of four 0.75-point rate rises aimed at combating high inflation. Mr. Powell, in a speech…

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