U.S. Federal Reserve Chairman Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. REUTERS/Evelyn Hockstein

Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow | Reuters News Agency

September 20, 2023 alexgracia653

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EconomyGovernmentPolitics

20 September 2023, 2:38 pm 1 minute

Reuters was first to report that the U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.

Market Impact

Indeed, monetary policy is expected to remain slightly restrictive into 2026 while the economy continues to largely grow at its estimated trend level of around 1.8%.

Article Tags

Topics of Interest: EconomyGovernmentPolitics

Type: Reuters Best

Sectors: Economy & PolicyGovernment & Public Services

Regions: Americas

Countries: US

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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