Last year, the Federal Reserve’s seven interest rate hikes showed impressive results as inflation eased for the sixth consecutive month in December, rising 6.5% year-over-year and declining 0.1% sequentially.
Although progress has been made in bringing inflation down from its highs, minutes from the Fed’s policy meeting show that the central bank remains committed to bringing inflation down to its 2% target. So, a pause in interest rate hikes is highly unlikely this year.
