The U.S. Federal Reserve will not raise interest rates for the first time in well over a year at its June 13-14 meeting, according to economists polled by Reuters, but a significant minority expects at least one more hike this year as the economy remains resilient.
Fed Chair Jerome Powell signaled in May that the U.S. central bank might soon pause its hiking cycle to assess the impact of an historically aggressive 500 basis points worth of tightening, having raised rates at every meeting since March of 2022.
Read More : Federal Reserve Expected to Maintain Hold in June, but One-Third of Economists Anticipate Imminent Hike