Federal Reserve Chairman Jerome Powell. Photographer: Al Drago/Bloomberg
Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes, but they signaled they will likely resume tightening at some point to continue cooling inflation.
"Holding the target range steady at this meeting allows the committee to assess additional information and its implications for monetary policy," the Federal Open Market Committee (FOMC) said in a statement released in Washington Wednesday.
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