Are Investors Underestimating Probability of Even Higher Rates?

Federal Reserve Board Chairman Jerome Powell takes questions during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve Board Building in Washington on Nov. 2, 2022. Mandel Ngan/AFP via Getty Images

Commentary

Most investors and Wall Street research analysts believe the Federal Reserve will pause its hikes, keeping the benchmark interest rate unchanged, in June and that a rate cut is likely later in the year.