Fed can stop hiking rates if economy slows at current pace, Rosengren says

The Federal Reserve can end its interest rate hiking cycle if the labor market and economic growth continue to slow at the current gradual pace, the former president of the Boston Fed said on Wednesday. Financial markets overwhelmingly expect the U.S. central bank to leave interest rates unchanged at its Sept. 19-20 meeting, but are about split on whether it will pause or hike rates in November, according to CME Group's FedWatch tool. "As long as it looks like we're on a path to gradually get to 2% (inflation), there's no reason to hike further from here," Eric Rosengren, who was president of the Boston Fed from 2007 to 2021, told the Reuters Global Markets Forum.

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