Fed Official Signals Pause After One More Rate Hike As Economy Slows

Federal Reserve officials warn that little progress has been made on inflation, requiring more interest rate increases.
The Fed is expected to raise rates again in May, but officials indicate that may be the final increase in an aggressive tightening campaign.
Economic data points to slowing growth, job creation, consumer spending, and factory output.
Two regional bank failures may compound the impact of the Fed's policy tightening.
Fed officials pledge to monitor data closely to determine if a pause in rate hikes is needed after May.