Despite this steady rate, the committee’s hawkish message suggests potential future rate hikes, emphasizing inflation control over easing monetary policy. AdvertisementKey TakeawaysThe FOMC’s decision to maintain current rates while indicating hawkish intentions suggests potential rate hikes, impacting market expectations. Current market pricing indicates a decreased likelihood of a pause-pause-pause sequence in upcoming Fed meetings, with a 34% probability for such an outcome. Recent activity reflects adjustments in expectations, with a notable drop in the likelihood of consecutive pauses following the hawkish FOMC message. Statements from key Fed officials, such as Chairman Kevin Warsh, could provide additional insights into potential policy shifts.