Is it a 'skip' or a 'pause'? Federal Reserve won't likely raise rates next week but maybe next month
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WASHINGTON (AP) -- Don't call it a "pause." When the Federal Reserve meets next week, it is widely expected to leave interest rates alone -- after 10 straight meetings in which it has jacked up its key rate to fight inflation. But what might otherwise be seen as a "pause" will likely be characterized instead as a "skip." The difference? A "pause" might suggest that the Fed may not raise its benchmark rate again. A "skip" implies that it probably will -- just not now. The purpose of suspending...

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