Brian Mitchell with LPL Financial

While the Fed has agreed to slow interest rate hikes, they're asking for flexibility regarding future hikes as they keep watch over the economy. Reuters has the story @ https://bit.ly/3jSHxrM

Fed wants 'flexibility' on rates as inflation remains key focus, minutes show All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to economic growth.

After raising the interest rates another 50 basis points, the Fed has already signaled that 2023 will see more interest rate hikes. Reuters has the details @ https://bit.ly/3Fy5XOm #2023

Fed's Powell says inflation battle not won, more rate hikes coming The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.