Fed Set to Pause Rate Hikes

Bloomberg: “Federal Reserve officials are ready to take a breather after more than a year of driving up interest rates, a move that’s likely to be accompanied by a strong signal that they’re prepared to keep hiking if needed.”

Politico: “Wall Street investors, who until just weeks ago were betting that Powell would start cutting rates in the coming months, are now expecting the Fed to keep costs high through at least the rest of the year, as both the job market and inflation have stayed stronger than expected.”