The Federal Reserve raised interest rates for a 10th consecutive time on Wednesday, but this might be the last rate hike of the cycle. A change in the central bank's policy statement suggested that it could at long last pause its tightening campaign at the next Fed meeting.
The central bank's rate-setting group, known as the Federal Open Market Committee (FOMC), wrapped up its regularly scheduled two-day meeting by increasing the short-term federal funds rate by 25 basis points, or 0.25%, to a target range of 5.0%-5.25%.
