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Signals point to gentler Federal Reserve in 2023
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FILE - Traders work on the floor at the New York Stock Exchange in New York, Thursday, Dec. 29, 2022. 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 x-year high and hold them there well into 2024. - photo by AP Photo/Seth Wenig, File
NEW YORK (AP) — 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.