The Fed planned to return inflation to 2% on 2024

The Federal Reserve is expected to avoid a “soft landing” by raising rates too much when pricing pressures and the job market moderate.

The Sept 19-20 meeting will focus on economic predictions, predicting another raise by the end of the year and keeping rates near their top through 2024 to return inflation to the central bank’s 2% target.

The Bank of England’s September 21 rate hike is projected to be a quarter-point hike, and the Swiss National Bank may not have to raise rates next Thursday due to inflation below 2%.


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