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(Bloomberg) 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.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmer
The Federal Reserve is expected to keep interest rates on hold during its meeting today, marking the first pause in raising rates in 15 months. While concerns on inflation remain high, Chair Jerome Powell suggested the central bank would rather take time to assess the impact of the previous rate hikes. The Fed s committee will keep options open for hiking interest rates again in July or September due to inflation running more than twice their goal. The statement is expected to retain a bias toward hiking rates without making any firm commitments, while economists predict a few dissents from FOMC regarding the pause.