Photo: The Marriner S. Eccles Federal Reserve building in Washington, D.C., on July 6, 2022. The Marriner S. Eccles Federal Reserve building in Washington, D.C., on July 6, 2022.

The Federal Reserve is on track to downshift to smaller interest-rate increases following a further cooling in U.S. inflation, though it's likely to keep hiking until price pressures show more definitive signs of slowing.

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