The markets were unsurprised by a Federal Reserve decision on Wednesday to pause interest rate hikes, with the consensus sentiment in the run-up to the announcement that the Fed would leave rates unchanged. While the Fed said it would hold off on a rate hike this time around, it warned that two more rate hikes are in the books for this year. “Holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy,” the Fed said in a statement following the…
