The US Federal Reserve indicates a slower rate of policy rate increases.

Minutes of most recent monetary policy review meeting found a slowing of policy rates would almost certainly be appropriate . Key policy rate was raised by 75 basis points to over a decade high of 3.75-4.0 percent .

Washington, D.C.: The minutes of the most recent monetary policy review meeting found that a slowing of policy rates would almost certainly be appropriate.A few participants agreed that slowing the rate of increase would better allow the Committee to assess progress toward its objectives of maximum employment and price stability, according to the minutes published on Wednesday (local time).The key policy rate was raised by 75 basis points to over a decade high of 3.75-4.0 percent, which was the fourth in a row.This was the first hike in a row of this magnitude.Inflation in the United States is high, reflecting supply and demand imbalances resulting from the pandemic, higher food and energy costs, and wider price pressures.

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