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Is it a 'skip' or a 'pause'? Federal Reserve won't likely raise rates next week but maybe next month

When the Federal Reserve meets next week, Chair Jerome Powell will need to forge a consensus

By CHRISTOPHER RUGABER
Published - Jun 07, 2023, 06:04 AM ET
Last Updated - Jun 21, 2023, 12:08 PM EDT

WASHINGTON (AP) — When an increasingly fractious committee of Federal Reserve policymakers meets next week, Chair Jerome Powell will need to forge a consensus.

But a second group worries that inflation is still too high and thinks the Fed should continue hiking at least once or twice more — beginning next week.

So how will Powell achieve an accord between the two?

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