Dallas Fed chief says tightening cycle may be over

The FOMC may soon end its trend of interest rate increases but inflation remains a risk due to strong U.S. growth, Federal Reserve Bank of Dallas President Richard Fisher said on Wednesday 1 June.

Fisher, who joined the Dallas Fed in April, told CNBC and the Wall Street Journal in separate interviews that the Fed was in the eighth inning of monetary tightening.

Using a baseball analogy, Fisher implied the Fed was getting ready to pause, provided inflation stayed tame.

"We've gone through eight

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