The Federal Reserve raised interest rates for a 10^th straight time on Wednesday, lifting its target by a 1/4-point to a 5.0%-to-5.25% range, the highest since 2007. But there are hints that the central bank may be set to pause at the next policy meeting in June and start cutting later in the year. Much depends on how the economic and inflation data compare in the updates during the weeks and months ahead. But for now, the crowd thinks the rate-hiking cycle may have peaked.

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* Federal Reserve raises its target rate 1/4-point to 5.0%-to-5.25% range
* Policy-sensitive 2-year Treasury slides after Fed hike
* PacWest Bancorp shares tumble; latest US bank to seek financial lifeline
* China manufacturing business conditions “moderate slightly in April”
* Eurozone economy in April grows at “strongest pace since May 2022”
* ISM Services Index ticks up in April, reflecting modest growth
* US hiring at companies rebounds sharply in April via ADP data:

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