Fed to raise interest rates to 16-year high and discuss pause

Nick Timiraos, a spokesman for the Federal Reserve, wrote that the Federal Reserve will discuss whether to pause this interest rate hike cycle after raising interest rates this week. The Fed is likely to keep a close eye on investor reaction to the JPMorgan-First Republic deal ahead of this week's rate decision. The deal could further ease potential banking pressures, but if a serious financial surprise occurs before the FOMC meeting, officials may have to reconsider plans to raise interest rates. In addition, the U.S. economy has shown signs of cooling, including weaker consumer spending and factory activity. But stable employment and rapid wage growth are likely to keep inflation high

If various subsequent inflation data rebound strongly, interest rates may be raised next time, but this is more like a message of confidence in fighting inflation! #币安sensei