The Federal Reserve is no longer projected to raise interest rates at the upcoming FOMC meeting, signaling a potential pause in the tightening cycle. This shift in expectations suggests that current monetary policy may be sufficiently restrictive to address inflation concerns without further rate increases. Market participants now anticipate the central bank will hold rates steady as policymakers assess incoming economic data and the cumulative impact of previous hikes. The change in projections marks a notable pivot from earlier expectations of continued tightening.