Central Banks Pause Rate Hikes But Maintain Hawkish Stance as Inflation Remains High

The Federal Reserve, Bank of England, and Swiss National Bank have all paused interest rate hikes but maintain a hawkish policy stance.
Central banks signal rates will stay high as they remain vigilant on stubbornly elevated inflation.
Further rate increases are possible if price pressures persist, with most policymakers expecting another Fed hike.
Rising energy costs, strong labor markets, and lingering services inflation present challenges to getting inflation down.
Investors dumped stocks amid recession worries, pushing yields higher as central banks emphasize need to keep tightening monetary policy.