The Federal Reserve is expected to deliver a 25 basis-point interest-rate increase and signal a pause in its aggressive hiking campaign, amid persistent financial-market turmoil and renewed pressure from lawmakers to back off.
Fed watchers expect the US central bank will deliver its final rate hike for a while on today, with tighter lending conditions and signs of a slowing economy suggesting inflation will cool more meaningfully in the months ahead. The move would bring the federal funds rate to a range of 5% to 5.25%, the highest since 2007.
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