Fed Set To Pause Rate Hikes, But Don't Count Out Another Increase

Federal Open Market Committee will keep rates steady at its Sept. 19-20 meeting in a range of 5.25% to 5.5% , a 22-year high.

Fed Chair Jerome Powell has signaled that Fed leaders would prefer to wait to evaluate the impact of past increases on the economy.

With inflation still well above the committee’s 2% target, officials may pencil in one more hike in their quarterly projections.