The Federal Reserve struck a middle ground between short- and long-term thinking at its latest meeting, announcing a pause in its hawkish policy of interest rate hikes but signaling that two further increases are expected this year.
The break from benchmark rate increases put a halt to 10 straight increases from the central bank. Without an increase this month, the Fed’s anchor rate will remain in a target range of 5% to 5.25%.
Partner Bonnie Hochman Rothell spoke with Scotsman Guide to discuss the decision. Read the full story here.