The FOMC meeting on Wednesday indicated that the Fed is very close to announce a pause and the range-bound response in Treasury yields suggests that there was no significant shift in rate expectations. FOMC members voted unanimously to raise interest rates by 25 basis points, bringing the federal funds rate to 5-5.25% range. Consensus before and after yesterday's meeting was for a pause in further rate hikes. To truly embody caution in line with FOMC expectations, the accompanying statement emphasized a "data-dependent approach," with attention to incoming economic data and credit availability (lending standards ... (full story)