Peak interest rates may be lower than expected as growth slowdown looms

A jogger runs past the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris WattieRegister now for FREE unlimited access to Reuters.comRegisterLONDON, May 27 (Reuters) – Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are betting, having steadily dialled back expectations of where U.S. and British interest rates might peak.The equivalent of a half-point rate hike from the Federal Reserve has been priced out over the last three weeks, putting the peak in rates at 3% next June.That implies cumulative U.S. rate hikes of 210 basis …
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