After its June meeting, the Federal Reserve will have increased policy rates by 1.75 per cent during the tightening cycle, about two-thirds of the distance needed to reach its estimate of equilibrium short rates, or r*. So is it possible that the tightening cycle is already nearing an end?
在6月份的会议结束后,美联储(Fed)在本政策收紧周期内的政策利率提高幅度将达到1.75%,对于达到其估计的短期均衡利率(r*),将已走过大约三分之二的距离。那么,本政策收紧周期是否可能已开始接近尾声?
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