Federal Reserve Chairman Jerome Powell speaks to press in Washington following the last Federal Open Market Committee on interest rate policy on November 2. The committee is meeting again this week. Photo: Reuters
Federal Reserve Chairman Jerome Powell speaks to press in Washington following the last Federal Open Market Committee on interest rate policy on November 2. The committee is meeting again this week. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Markets are holding out for a Fed policy pivot in 2023

  • As the Federal Reserve prepares to unveil its latest policy direction, investors are hoping for a smaller interest rate rise than those of recent months
  • If delivered, it would be a promising sign that the Fed is shifting focus from fighting inflation to keeping jobs and growth buoyant in 2023

Federal Reserve Chairman Jerome Powell speaks to press in Washington following the last Federal Open Market Committee on interest rate policy on November 2. The committee is meeting again this week. Photo: Reuters
Federal Reserve Chairman Jerome Powell speaks to press in Washington following the last Federal Open Market Committee on interest rate policy on November 2. The committee is meeting again this week. Photo: Reuters
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