As Fed signals rate pause, Powell will have to placate hawks
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.
Policymakers are expected to leave rates in a range of 5% to 5.25% at their meeting Tuesday and Wednesday, allowing them to take stock of the outlook following recent strains in the…