{"id":578612,"date":"2023-01-05T04:03:54","date_gmt":"2023-01-05T04:03:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/05\/us-fed-hints-at-a-slowdown-but-no-pause-in-rate-hikes-at-next-meeting\/"},"modified":"2023-01-05T04:03:54","modified_gmt":"2023-01-05T04:03:54","slug":"us-fed-hints-at-a-slowdown-but-no-pause-in-rate-hikes-at-next-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/05\/us-fed-hints-at-a-slowdown-but-no-pause-in-rate-hikes-at-next-meeting\/","title":{"rendered":"US Fed hints at a slowdown \u2014 but no pause \u2014 in rate hikes at next meeting"},"content":{"rendered":"

<\/a> The Fed suggests coming rate hikes may be smaller: <\/strong>US Federal Reserve officials agreed to slow the pace of rate hikes moving forward to minimize recession risks, according to the newly released minutes<\/a>of their December meeting \u2014 suggesting the Fed could go for a 25-basis-point hike when it next meets at the end of this month.<\/p>\n

But it\u2019s not easing up yet:<\/strong> Officials sought to avoid any \u201cmisperception\u201d in the markets that the US central bank is giving up the fight against inflation, warning that the US central bank would need \u201csubstantially more evidence\u201d that price hikes are cooling before it eases up on rates. The central bank raised rates by 50 bps at its final meeting of the year<\/a>, a moderate increase by recent standards that brought to an end a run of four consecutive 75-bps hikes, bringing rates to 4.25-4.5%.<\/p>\n

Goldman Sachs dealmakers predict a bounceback for M&A in 2H 2023:<\/strong> While most economists predict more tough economic times ahead, top dealmakers at Goldman Sachs are anticipating a rebound in global M&A in the second half of this year, Reuters<\/a> reports. Global M&A dipped 36% y-o-y to USD 3.78 tn last year amid volatile markets and high borrowing costs. The Goldman execs say that means big investors have dry powder to spend and are waiting for financing conditions to improve before they pounce. A recovery may be \u201cquicker than people expect,\u201d said the bank\u2019s global M&A co-head Mark Sorrell.<\/p>\n

Goldman bankers will be hoping their prediction comes true: <\/strong>The world\u2019s biggest M&A advisor by revenue cut 500 jobs in September as dealmaking dried up, and plans to lay off thousands more in the new year.<\/p>\n

Also worth noting this morning: <\/strong><\/p>\n