The Federal Reserve hiked its benchmark short-term rate to a range of 1.5% to 1.75%
Concern grows that interest rate hikes could tip U.S. economy into recession
The figure will heighten pressure on the Federal Reserve to continue raising rates aggressively
The lowest monthly gain in a year was likely enough to keep the Fed on track to pursue aggressive policy
Meeting minutes suggest half-point increases may be appropriate ahead
The Fed chair appeared unconcerned Tuesday about the stock market's sharp decline over the past six weeks
"The U.S. consumer now appears to be single-handedly keeping the global economy afloat," economist said
Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth
Financial markets expect the Fed to keep raising rates to a range of 2.5% to 2.75% by the end of this year
The central bank would be open to raising rates by a half-point at multiple Fed meetings, Powell said