Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become a high-stakes word puzzle for investors, seem ready to end the U.S. central bank’s run of 10 straight rate increases later this month while leaving the door open to a future rise in borrowing costs.
For a central bank that says it is “data-dependent,” the decision may be more complex than it wants, with the release on Friday of a May employment report that blew through expectations as employers added 339,000 jobs across a broad set of industries. Key inflation data since the last policy meeting also rose.
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