The aggressiveness of any further rate increases will be impacted by upcoming labor and inflation reports.
Recent data suggest the economy is not slowing despite the Fed's aggressive actions.
Philadelphia Fed President Patrick Harker said he favors “a couple more” 25 basis-point increases.
Federal Reserve Chair Jerome Powell said borrowing costs could peak at higher levels than expected.
Investors and economists continue to doubt Fed forecasts that rates will rise to above 5%.
The Fed still worries that strong inflation might linger in 2023.
The Fed chair's new lodestar points toward tighter policy.
Three bank officials voiced support for taking a step back on rate increases.
The staff of the Federal Reserve appears to think the economy is running hotter than it originally thought.
Fed officials have made plain that it would take a lot to push them off the path to 4.5%.
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