The Fed is expected to keep hiking rates in the coming months to achieve their target inflation of 2%. However, the Fed had indicated a slowdown in the rate hike aggression, and many are now predicting a 50-bps rate hike in December, down from the 75-bps increases seen over the last four launches.
Moreover, economists surveyed by Bloomberg expect inflation to have slowed again last month, projecting headline prices to have risen 0.3% in November and 7.3% over last year.
