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US Federal Reserve signals interest rate rise slowdown

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Financial markets have taken off overnight as the majority of US Federal Reserve members signalled an easing in super-charged interest rate rises to beat down inflation.

Sky News Business Editor Ross Greenwood says generally, this should be “pretty positive news” for markets.

“And the US market overnight did turn around on the news that the majority of members of the US Federal Reserve believe that they think that interest rate rises that have been at supercharged levels in the United States should start to ease off,” he said. “And the reason for that is largely because they’re seeing a slowing in inflation, though not getting back to the levels they would like it to be.”

 

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