The Federal Reserve is set to slow its inflation-fighting campaign without signaling a readiness to stop as inflation is fading.
A slower pace of a quarter-point rate hike is priced in on Feb. 1. Traders expect a peak policy rate of around 4.9% by May and June, falling to less than 4.5% by the December meeting, and further cuts in 2024.
By contrast, 17 of 19 central bank officials saw rates would be above 5% this year, with two of them ...