Federal Reserve Officials Doubtful on Halting Rate Hikes.

Federal Reserve officials are divided on whether to suspend rate hikes or continue with an 11th consecutive hike in June, as some officials are concerned that inflation isn't cooling fast enough. The Fed's top priority remains combating inflation, but instability in the banking sector has led to some tightening of credit conditions, which could essentially perform the same role as a rate hike by slowing investment. The Fed's decision on interest rates will largely depend on economic indicators, including data gauging the job market and a CPI report on the first day of the Fed's two-day meeting in June.