No decision yet on a 'pause' in rate hikes, Powell says

No decision yet on a 'pause' in rate hikes, Powell says

The Federal Reserve has not made a firm decision on whether it will stop raising interest rates, Chairman Jerome Powell said.

"A decision on a pause was not made today," the central bank chief said during his news conference.

Markets had been looking for the Fed to signal that its rate-hiking cycle would be ending following Wednesday's quarter-point rate increase.