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月份的會議結束後，美聯準(Fed)在本政策收緊週期內的政策利率提高幅度將達到1.75%，對於達到其估計的短期均衡利率(r*)，將已走過大約三分之二的距離。那麼，本政策收緊週期是否可能已開始接近尾聲？
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