Fed officials see grounds for soon slowing rate-hike pace
The Federal Reserve looked closer to moderating aggressive interest-rate increases after welcome news on inflation, with three officials backing a downshift even as they stressed that policy needs to stay tight. "While I believe it may soon be appropriate to slow the pace of rate increases so we can better assess how financial and economic conditions are evolving, I also believe a slower pace should not be taken to represent easier policy," Dallas Fed President Lorie Logan told a conference hosted by her bank in Houston on Thursday. Data released earlier on Thursday showed consumer prices cooling by more than expected [...]