Standard Chartered CEO predicts Fed will pause rate hikes, but cycle not over.

The US Federal Reserve is likely to pause its interest rate cycle in June to assess the latest inflation data, but it has not yet finished the job, according to Standard Chartered CEO Bill Winters. He said policymakers want to see job and wage growth cooling before ending the hiking cycle entirely. When the Fed does eventually decide that it has inflation under control and stops hiking, that will have a slowing effect on the US economy and possibly beyond, Winters noted. However, he said growth continues to look resilient in other parts of the world, specifically Asia.