US Fed Expected To Pause Again As Inflation Edges Closer To Target

US Fed Chair Jerome Powell said recently that it was premature to speculate on interest rate cuts (Credit: AFP)

The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.

With the financial markets all but certain that another pause is coming, traders and analysts are now debating how soon the US central bank will start cutting interest rates, and how rapidly it will then do so.