Federal Reserve officials are on track to increase interest rates again at their meeting this week while deliberating whether that will be enough to then pause the fastest rate-raising cycle in 40 years. “We are much closer to the end of the tightening journey than the beginning,” Cleveland Fed President Loretta Mester said April 20. Just how much closer the Fed is to that endgame will be a focus of internal debate because officials think their communications around future policy actions can be as significant as individual rate changes. Officials are likely to keep their options open as they finesse carefully calibrated signals in their postmeeting statement and remarks by Fed Chair Jerome Powell at a news conference after the meeting ends Wednesday.
Source: WSJ.com: US Business
