Here are the top 4 business stories right now — take a listen - Yahoo Canada Finance | Florida Dispensaries

Here are the top 4 business stories right now — take a listen – Yahoo Canada Finance

Reuters

‘Substantial majority” of Fed officials see rate hikes slowing ‘soon,’ minutes show

A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes as debate broadened over the implications of the U.S. central bank’s rapid tightening of monetary policy, according to the minutes from the session. The readout of the Nov. 1-2 meeting, at which the Fed raised its policy rate by three-quarters of a percentage point for the fourth straight time, showed officials were largely satisfied they could stop front-loading the rate increases and move in smaller, more deliberate steps as the economy adjusted to more expensive credit. “A slower pace … would better allow the (Federal Open Market) Committee to assess progress toward its goals of maximum employment and price stability,” said the minutes, which were released on Wednesday.

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