"The Fed's Next Move: Hike or Pause?"

The Federal Reserve is expected to raise borrowing costs by a quarter of a percentage point on Wednesday, but this could be the last move before it pauses. The banking system has been in turmoil since the collapse of Silicon Valley Bank on March 10, and the recent collapse of First Republic Bank has added to the uncertainty. Despite the Fed’s moves to slow the economy and rein in inflation, the job market has maintained momentum and price increases have shown concerning staying power. The Fed faces a complicated economic backdrop, and investors will look to Fed Chair Jerome H. Powell's news conference for clues about what comes next.