What the Fed's Expected Pause in Rate Hikes Means for You

A Bloomberg survey of economists shows that a majority expect the Federal Reserve to pause its interest-rate hike campaign next week for the first time in 15 months, despite underlying signs of inflationary pressures within the economy. Fed Chair Jerome Powell has hinted the central bank will likely forego a rate increase in June in order to give policymakers time to evaluate the broader economic impact of 10 consecutive hikes. A number of central bank officials have reiterated that message, stressing the need to examine how tighter monetary policy is affecting the economy.