The Federal Reserve on Wednesday voted to raise interest rates for the 10th straight time but indicated that an end is in sight for its tightening cycle.
Wall Street investors will be focused on any additional clues about what comes next in the central bank's inflation fight.on Wednesday raised its benchmark interest rate by a quarter of a point but opened the door to a long-awaited pause in its most aggressive tightening campaign since the 1980s.
But for the first time in a year, policymakers signaled that future rate increases are not a given, suggesting that additional policy moves will hinge on "incoming information." The statement omitted a previous sentence that said the "Committee anticipates that some additional policy firming may be appropriate" for inflation to return to the Fed's 2% goal, but it offered little clarity beyond that.told reporters during a post-meeting press conference in Washington, D.C., though he noted the "meaningful" change in the official statement.
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