that's why the committee sees 50 basis points more of rate hikes." Victoria Fernandez, Crossmark Global Investments Chief Market Strategist, thought that the Fed didn't give investors a "clear answer" for its path moving forward. Schonberger said, "Fed Chair Powell saying that the Fed has not made enough progress on inflation. Blikre said, "If this is in fact a hawkish pause, we would expect to see potentially a stronger dollar along with yields going up and that's what's been happening." Yahoo Finance's Fed reporter Jennifer Schonberger returned to discuss Fed Chair Jerome Powell's comments on the decision. I think they should be done."Gallo added, "The Fed is setting a little bit of a hawkish pause here and that confirms the markets' expectations."Yahoo Finance Markets reporter Jared Blikre discussed the market reaction. Jackson said, "I don't think they need to keep raising rates. Schonberger said, "The Federal Reserve holding rates steady in the current range of 5 to 5 and a quarter percent, but raising interest rate projections to a new peak of 5.6 percent." Jordan Jackson, JPMorgan Asset Management Global Market Strategist, and RJ Gallo, Federated Hermes Senior Portfolio Manager, further analyzed the Fed's statement. Yahoo Finance spoke to experts, analysts, and reporters regarding the impact on investors and how the markets are reacting to the Fed's decision.Yahoo Finance's Fed reporter Jennifer Schonberger broke down the Fed's statement. The Federal Reserve kept interest rates unchanged at its June meeting on Wednesday. Yahoo Finance Video Fed decides to pause: Impact on investors, markets
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