Fed Statement

Federal Open Market Committee statement: https://t.co/Ck8A8mYNmW

— Federal Reserve (@federalreserve) May 3, 2023

Hike and pause

*FED RAISES BENCHMARK RATE 25 BPS TO 5%-5.25% TARGET RANGE

*FED OMITS PRIOR LANGUAGE THAT SIGNALED MORE HIKES AHEAD

— zerohedge (@zerohedge) May 3, 2023