Calling the expected non-rise a "skip" would be seen as compromise between rate hawks and doves in U.S.
Unemployment rate rose to 3.7% in May, up from a five-decade low of 3.4% in April
Inflation “too sticky,” BoA analyst says as new data show prices increased 4.4% year over year
The stakes are growing in the standoff in Washington over raising the nation's debt limit
Powell and other officials have signalled in the past week that they're likely to support a pause
Bank failures may cause lending reduction but inflation remains well above 2% target
Stubbornness of high inflation divides Federal Reserve on managing interest rates
Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations
Tighter credit standards are expected to be followed by a reduction in lending
The Fed describes the banking system as 'sound and resilient' but notes the impact of a pullback in bank lending remains uncertain