Business

Fed Expected to Keep Peak Rates for Longer, Dashing Hopes for 2023 Cuts

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“This will be a very challenging period for policymakers at all levels,” said Hugh Johnson, chairman of Hugh Johnson Economics LLC. While the Fed clearly desires to hold rates at the peak throughout the year, “These decisions are  quite clearly data dependent and will be challenged if, as we  suspect, the economy contracts and inflation rates continue to moderate through the first half of 2023.”         



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