Federal Reserve pauses interest rate hikes for first time in 15 months

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Federal Reserve pauses rate of interest hikes for first time in 15 months - CBS Information Watch CBS News For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the …

Federal Reserve pauses rate of interest hikes for first time in 15 months – CBS Information

Watch CBS News

For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the pause may not last long. CBS News senior White House correspondent Weijia Jiang reports.