Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools
FILE- The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than before, while growth remains solid and the job market cools.
Inflation pressures showed signs of persistence in two government reports last week, adding some uncertainty to the outlook. Claudia Sahm, a former Fed economist, said she thinks a “soft landing,” in which the Fed manages to curb inflation without causing a recession, remains possible. But she cautioned that inflation might stay higher for longer than the central bank expects.
Powell's own speech late last month at the Fed's annual conference of central bankers in Jackson Hole, Wyoming, stressed his belief that the Fed can act in a measured fashion. Last week's inflation readings might lead the Fed to forecast one additional rate hike this year. And some economists say the policymakers may forecast just one or two rate cuts in 2024, fewer than the three they envisioned in June, in part to dispel any overly optimistic expectations on Wall Street for deeper rate reductions.
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Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
Read more »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
Read more »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools
Read more »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
Read more »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools
Read more »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
Read more »