Powell hints that Federal Reserve is done with hikes

The central bank’s policy-setting Federal Open Market Committee left its benchmark rate unchanged Wednesday in a range of 5.25% to 5.5%

Federal Reserve chair Jerome Powell

Federal Reserve chair Jerome Powell has hinted that the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for a second consecutive policy meeting.

“The question we’re asking is: Should we hike more?” Powell told reporters during a press briefing after the decision. “Slowing down is giving us, I think, a better sense of how much more we need to ...