Central Banks
Fed to Pause and Keep Option to Raise Rates in July
- The dot plot could give FOMC sentiment on additional hikes
- The press conference will be tricky for Chair Powell
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Federal Reserve policymakers are poised to pause their hiking of interest rates for the first time in 15 months, while retaining a tightening bias that signals a possible resumption of moves as soon as next month.
The rate decision and committee forecasts will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.