Fed acknowledges that it may be appropriate to "slow the pace" of rate hikes

Washington, Aug. 17- Despite having raised interest rates 0.75 points at its last meeting in late July, members of the open markets committee of the U.S. Federal Reserve acknowledged then that it might be appropriate to slow the frenetic pace of hikes. On July 27, the US Federal Reserve approved the fourth consecutive rate hike and the second consecutive 0.75-…