Yesterday the Federal Reserve slowed the pace of rate hikes to 25bps; their first rate decision since December 2022. This comes after four consecutive 75bps hikes between June and November, followed by one 50bps hike back in December. Fed dot plots also indicate 25bps rate hikes in both March and May, but TBD on that. This comes as the US economy begins to show signs of normalisation and, more importantly, signs that inflation is curbing. Joseph Politano from Apricitas Economics reports: “Inflation in the US continues to take a welcomed reprieve—driven by falling gasoline and used car prices, the Consumer Price Index ... (full story)