Fed Pause -

FED Pauses in there second straight Meeting
History tells us that after a tightening cycle, if the Fed then goes on hold for at least four months, then the probability that the next move is a rate cut is 100%,

The Fed is facing a complicated economic environment, with growth slowing and inflation risks high.

But energy prices have moderated in recent weeks, removing some pressure on prices. But core inflation is still too high for comfort and is expected to move higher still.