Fed: "...plans to slow down the pace of rate rises by skipping a June hike..."

From the Wall Street Journal's Fed Whisperer:

The Fed is firming up plans to slow down the pace of rate rises by skipping a June hike, barring a blowout jobs report on Friday https://t.co/0lj03snrNW

— Nick Timiraos (@NickTimiraos) May 31, 2023