Photo: Federal Reserve Chairman Jerome Powell speaks during a news conference following the FOMC meeting in Washington, D.C., July 27, 2022. Photographer: Ting Shen/Bloomberg Federal Reserve Chairman Jerome Powell speaks during a news conference following the FOMC meeting in Washington, D.C., July 27, 2022. Photographer: Ting Shen/Bloomberg

Federal Reserve officials signaled that their aggressive campaign to curb inflation could be entering its final phase, even as they delivered their fourth straight 75 basis point (bps) interest rate increase.

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