June 11, 2023 3:14pm EDT
Fed expected to pause 15-month rate hike campaign this week, survey shows
Fed seen ending its interest rate hike campaign at June meeting, survey shows
By Megan Henney FOXBusiness
A majority of economists 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.
That's according to a new survey conducted by Bloomberg, which showed that most economists anticipate the Federal Open Market Committee (FOMC) will hold rates steady at its June 13-14 meeting.
Fed Chair Jerome Powell has hinted the central bank will likely forgo a rate increase in June in order to give policymakers time to evaluate the broader economic impact of 10 consecutive hikes.
"Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments," Powell said during a Fed research conference in May.
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https://www.foxbusiness.com/economy/fed-expected-pause-month-rate-hike-campaign-next-week-survey-shows