The Federal Reserve approved another quarter-percentage-point interest-rate rise and signaled it could be done lifting rates after that.

The decision Wednesday marked the Fed’s tenth consecutive rate increase aimed at battling inflation and will bring its benchmark federal-funds rate to a range between 5% and 5.25%, a 16-year high.

In a hint that officials could pause rate increases after the latest move, they cut a phrase from their previous policy statement, in March, that said some additional policy increases might be appropriate.

Instead, officials said in their new statement Wednesday they would monitor economic and financial-market developments and the effects of their earlier rate increases “in determining the extent to which additional policy firming may be appropriate to return inflation to 2% over time.”... Read More: WSJ