Fed Likely to Leave Rates Unchanged, But Economy and Inflation Pose Challenges for Future Hikes
-
Federal Reserve expected to leave interest rates unchanged at its upcoming meeting, allowing previous hikes to take effect.
-
U.S. economy showing signs of strength - high growth, robust hiring, and strong consumer spending.
-
Inflation has slowed but remains above Fed's 2% target, posing challenge for further rate hikes.
-
Markets watching Fed Chair Powell's comments for clues on future rate hikes this year.
-
Rapid rise in Treasury yields indicates Fed's previous hikes are impacting borrowing costs, like mortgages.