'Skip' or a 'pause'? Federal Reserve might not raise rates next week but maybe next month

File - Federal Reserve Chairman Jerome Powell speaks at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, Friday, May 19, 2023. The Federal Reserve is expected to decide against raising interest rates when it meets next week (June 13-14), for the first time since March 2022. But the Fed could resume raising rates when it next meets later this summer. (AP Photo/Andrew Harnik, File)