The Federal Reserve’s June meeting is shaping up to be one of the trickiest in its 15-month campaign to tame inflation: Chair Jerome Powell seems intent on skipping an interest-rate increase, while explaining to the public that officials aren’t done yet. The strategy is sensible, confusing and risky all at once, Fed watchers say. Since March 2022, the US central bank has raised its policy rate at 10 consecutive meetings, to a range of 5% to 5.25%, with the last two increases following bank runs that led to the collapse of four lenders. Now, Powell and several of his colleagues want to take a break at their June 13-14 ... (full story)