• Fed minutes show most policymakers want to slow the pace of interest rate rises 'soon'

    6 days ago - By Business Insider

    The US Federal Reserve in Washington DC. Liu Jie/Getty Images
    Fed minutes showed a majority of officials are in favour of easing the pace of interest rate rises.
    They flagged that rapid hikes increased the risk of instability in the financial system.
    The Fed has been lifting rates at a record pace to combat US inflation running at a 40-year high.
    A majority of policymakers support slowing the pace of interest rate rises "soon," minutes from the Federal Reserve's November meeting showed. "A substantial majority of participants judged that a slowing in the pace of increase would likely soon...
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