The Federal Reserve paused its interest rate cuts at its January meeting, citing unclear inflation and policy outlooks.

While Powell revealed little about the Fed’s plan of action, it is becoming more likely that interest rates will also be held at the upcoming board meeting in March. The CME Fed

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.