The Federal Reserve Banks have for the first time in more than 12 months not suggested that more hikes are coming.
Fed’s chair Jerome Powell, asked if we are to read today’s statement as suggesting a pause, said no decision on a pause was made in the meeting, but there had been a meaningful change in the statement since March.
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- Source: https://www.trustnodes.com/2023/05/03/no-more-hikes-in-guidance-mild-recession-predicted
