Will Fed's Next Interest Rate Move Be an Increase or Continued Pause?

The Federal Reserve left U.S. interest rates unchanged, but signaled more hikes are in the cards with some hawkish projections for the economy.  James Knightley, chief international economist, says a "one-meeting pause makes little sense given the long lags involved with monetary police.  With the disinflationary tend set to accelerate,we see an extended pause."