As Fed signals rate pause, Powell will have to placate hawks

(Image: Bloomberg)

Mon, 12 Jun 2023

By Catarina Saraiva 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 June 13-14 meeting, allowing them to take stock of the outlook following recent strains in the banking sector. But chair Jerome Powell will also have to placate a number of officials who worry progress on inflation has stall...

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