The prospect of slower interest rate hikes sent U.S. markets soaring
Restaurants, hotels, hospitals add jobs amid four consecutive 75-bps rate hikes
Federal Reserve intent on rate hikes, as other central banks temper tightening, NBF says
The aggressive move comes even as the bank predicted a two-year economic contraction
Short-term rate, at 3.75% to 4%, at 15-year high
Historically, cuts have followed within eight months of a hiking cycle's end, a report says
Some economists say the Fed should soon consider scaling back the fastest pace of rate increases since the early 1980s
Forecasters are expecting higher interest rates to trigger a recession
The ECB raised interest rates again on Thursday, with more expected to come
The central bank raised its key lending rate to 3.75% on Wednesday