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%.