The Federal Reserve is expected to leave interest rates unchanged on Wednesday for the first time since the US central bank kicked off a historically aggressive round of monetary policy tightening in March of 2022. But don’t call it a pivot or a pause. Policymakers at the end of their two-day meeting may well signal more rate increases are still to come once they take time to assess how the economy is evolving, whether the financial system remains stable, and if inflation is continuing to fall. “We probably need a little more tightening, but it is not clear how much,” said Blerina Uruci, chief US economist in the ... (full story)