Fed Raises Rates 0.25%, Flags Possible Hike Pause

But the accompanying policy statement dropped language saying that its rate-setting Federal Open Market Committee still "anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time." In its place the Fed inserted a more qualified statement, reminiscent of language used when it halted rate hikes in 2006, which says that "in determining the extent to which additional policy firming may be appropriate," officials will study how the economy, inflation and financial...