Several Federal Reserve officials are urging caution as the financial markets continue to surge over the prospect that the central bank could begin cutting interest rates next year. The Fed held interest rates steady for a third consecutive meeting last week and signaled it may have reached an end to its aggressive rate hike campaign. “We are likely at or near the peak rate for this cycle,” Fed Chair Jerome Powell said at a press conference following the announcement. While Powell and other Fed officials have said little about the central bank’s plan for next year, all but three members of the Fed panel responsible for setting monetary policy noted in economic projections relea
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