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US Fed Meet: Powell may hit pause button after 15 months; rate trajectory critical

The central bank has raised interest rates by 500 basis points, taking them to the highest level in almost 17 years since March last year. The CME Fedwatch tool suggests there is an 82% probability of the central bank leaving its target range unchanged. While a pause has already been factored into the markets, the outlook for rate trajectory in the ensuing months will be pivotal.

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