A Fed Pivot? Not Yet, Policymakers Suggest, as Rapid Inflation Lingers. - The New York Times

Stocks rose after the Federal Reserve’s recent meeting, with investors hoping the central bank would dial back rate increases. Not so soon, officials indicated on Tuesday.

Investors generally expect the Fed to stick to the course it outlined in June. But after last weeks Fed meeting, they began placing increasing odds on the possibility that the central bank would rais… [+1381 chars]

full article...