homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

September 19, 2023

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a ‘soft landing'

  • Cooling inflation suggests that the Fed is edging toward a peak in the series of rate hikes it unleashed in March of last year.
  • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — 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.

    When they meet again this week, the policymakers are likely to decide they can afford to wait and see if the progress continues. As a result, they're almost sure to leave their key interest rate unchanged when their meeting ends Wednesday.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.