This post was originally published on this site
Wednesday’s Federal Reserve meeting resulted “in a pause with a hawkish clause,” in the words of KPMG economist Diane Swonk.
While the Fed kept its interest rate steady in a range of 5.25%-5.5%. Fed Chair Jerome Powell and his colleagues did not rule out one more interest-rate hike this year. At the same time, the Fed suggested rates will be “higher for longer” and could stay above 5% this year and next.
Wall…
