After ten consecutive interest rate hikes, the U.S. Federal Reserve hits the pause button. We’ll discuss what the decision means for the U.S. economy and its global impact.

For the first time in over a year, the U.S. Federal Reserve said it would hold its key rate steady and not raise interest rates. 

But Fed Chairman Jerome Powell cautioned the job of lowering inflation is unfinished. He signaled the likelihood of two more rate increases this year.

Joining the discussion: 

• Klisman Murati is the Founder of Pareto Economics, a global world affairs research consultancy. 
• Daniil Manaenkov is the Head of U.S. Forecasting at the Research Seminar in Quantitative Economics with the University of Michigan.
• Yan Liang is the Endowed Chair of Economics at Willamette University. 
• Anthony Chan is the former Chief Economist for JP-Morgan Chase and Company in New York City.

BREAKING: Interest rates were left unchanged by the Federal Reserve for the first time in 15 months as inflation continues to ease. https://t.co/wGTwMB3qd0

— The Associated Press (@AP) June 14, 2023

#BREAKING US Federal Reserve pauses interest rate hikes after 10 consecutive increases pic.twitter.com/YtBDD5ZBHL

— AFP News Agency (@AFP) June 14, 2023