Fed to lead trio in hawkish rate pause - Taipei Times

The US Federal Reserve and its peers in the eurozone and Japan would probably keep interest rates steady this week, opting to bide their time before potential further hikes. Three days of decisions starting on Wednesday in Washington are likely to affirm a hawkish stance balanced by a measured pace as policymakers confront inflation risks ranging from surging energy prices to the artificial intelligence boom. The Fed has missed its long-term two-percent target for inflation for more than five years, and at its meeting last month the Federal Open Market Committee (FOMC) voted to raise the key federal funds rate for the first time in three years, lifting the target range to 3.75 percent to 4.