The Fed Is About to Hit Pause on Rate Cuts

New York Times: “On Wednesday, the Fed is set to put that approach into action, pressing pause on further reductions for the first time since they began lowering borrowing costs in September. The question now looming large over Wall Street and Washington is just how long the Fed will be on hold.”

“For President Trump, who in his first week in office claimed to have a better understanding of interest rates than officials at the Fed, a pause of any length is likely to be seen as too long.”