Russell Investments: The Federal Reserve may pause interest rate hikes in October and resume action in December

BeiChen Lin, Senior Investment Strategist at Russell Investments, stated that the Federal Reserve may pause interest rate hikes at its October meeting and is expected to raise rates again in December. BeiChen Lin pointed out that if inflation exceeds expectations, the market will reassess the probability of the Federal Reserve raising interest rates in October and the terminal interest rate level for this tightening cycle.