Week InReview: November 25, 2022

Fed slowdown.

Most Federal Reserve officials believe the central banks should slow the pace of interest rate hikes, minutes from its latest gathering earlier this month showed. The minutes, released Wednesday, support expectations the Fed will raise rates by 50 basis points in December, ending a run of jumbo 75 basis point increases. Stocks rallied and the dollar fell toward a three-month low on the news.

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