Staff at the Fed, in other words, now expect the central bank to achieve a "As the Fed stands poised to announce another rate-hike decision on Wednesday, however, that glide path has run into turbulence.for two consecutive months, reversing some of the progress made in the effort to bring price increases down to normal levels. Meanwhile, oil prices have soared, threatening to push inflation even higher.
Across Wall Street and C-suites, observers will closely eye scheduled remarks from Powell on Wednesday for indication about possible additional rate hikes in the coming months or an eventual lowering of rates. By slowing the economy, the Fed risks pushing it into a recession. "If the economy slows a lot it could topple into a recession without the Fed intending it," English said. "Its control of those things is not very precise."in August with the U.S. economy adding 187,000 jobs, despite a sharp downward revision of job growth estimates in June and July lowered those totals by a combined 110,000 jobs, Bureau of Labor Statistics data showed.
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