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January 23, 2023

Signals point to gentler Federal Reserve

  • Recent reports have raised hopes that the Fed might succeed in taming inflation sooner than it realizes.
    AP Business Writer

    NEW YORK — Easing inflation and a cooling job market are raising hopes on Wall Street that a gentler Federal Reserve is on the way in 2023. That's despite the central bank's own adamance that it will keep raising rates from their current 15-year high and hold them there into 2024.

    Investors hope that when the central bank emerges from its next meeting on Jan. 31-Feb. 1 its messaging will take a more dovish turn.

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