The U.S. Federal Reserve gave no indication it was pressing the pause button after Wednesday's 25 bps hike. Instead, it said the next best thing.
"A decision on a pause was not made today," Jerome Powell remarked in his press conference. But "We feel like we are close, or maybe even there...We're no longer saying that we “anticipate” [further policy firming]."
That's about as much as you're going to get from a Fed worried that it may not have done enough to ensure inflation is headed back to 2%.
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