But central bank is also expected to signal fight against inflation isn’t over
WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.
But the US central bank is likely to push on with efforts to rein in costs, concerned about the risks of taking its foot off the gas too quickly.
The Fed cranked up the benchmark lending rate seven times last year, including four consecutive 0.75…
