Fed hawks signal downshift in U.S. rate hikes after July

Published by
Reuters

By Lindsay Dunsmuir and Ann Saphir (Reuters) -Two of the Federal Reserve’s most vocal hawks on Thursday said they would support another 75 basis-point interest rate increase later this month but a downshift to a slower pace afterward, even as both downplayed the risk of higher borrowing costs pushing the U.S into recession. “I am definitely in support a doing another 75 basis-point hike in July,” Fed Governor Christopher Waller said during a discussion with the National Association for Business Economics. “Probably 50 in September,” Waller added, “and then after that we can debate whether to g…

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