Officials at the Federal Reserve appear optimistic they can continue to curb inflation without plunging the economy into a recession.
After raising interest rates more than a dozen times over the past year and a half, officials with the U.S. Federal Reserve are expected to hold off on yet another rate hike when they meet again Wednesday.
Over the past 18 months, interest rates have seen their sharpest increase in 40 years, making it more difficult for businesses and consumers to borrow money. While recent economic reports show that inflation is still much higher than the Fed would like, officials at the nation's bank appear optimistic they can curb inflation without plunging the economy into a recession.
"That was a hell of a good week of data we got last week," Christopher Waller, a member of the Fed's Board of Governors, said in an interview on CNBC this month."It’s going to allow us to proceed carefully. There is nothing saying that we need to do anything imminent anytime soon.”However, last week's inflation data indicates the Fed's attempt at a"soft landing" may not be so smooth.
After a year of easing inflation, the U.S. experienced its highest inflation rate increase in over a year last month, as the prices of goods and services continue to rise at high levels. On a monthly basis, prices spiked 0.6% in August, marking the highest one-month increase since June 2022. Federal Reserve Chair Jerome Powell has said the bank's goal is to get the annualized inflation rate to 2%. That figure currently sits around 3.6%.
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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.
Weiterlesen »
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.
Weiterlesen »
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
Weiterlesen »
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.
Weiterlesen »
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
Weiterlesen »
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.
Weiterlesen »