[Russell Investments: Fed May Pause Rate Hikes in October, Act Again in December] BeiChen Lin, Senior Investment Strategist at Russell Investments, stated in a report that the Federal Reserve might pause rate hikes at its October meeting but is expected to raise rates again in December. BeiChen Lin noted: 'If inflation unexpectedly exceeds expectations and the market itself is already concerned about price pressures, this could prompt the market to reassess the probability of a Fed rate hike in October, as well as the terminal rate level of this tightening cycle.'