After pausing interest rate hikes earlier this month, the Federal Reserve Monday said it will probably increase rates two more times the year.
The Fed paused the increases last week following 10 consecutive hikes to review what effect they had on slowing inflation.
Now, after reviewing price increases, the agency will once again resume hawkish increases, Fed chair Jerome Powell said.
The next monetary policy committee meeting in July will likely see a quarter-percentage point rise.
