Central Banks
Fed Is Likely to Shy Away From Calling Interest-Rate Peak Next Week
- US central bank message to differ from tack taken by ECB
- ‘No way’ Fed will signal it’s done, JPMorgan’s Kasman says
Jerome Powell.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Chairman Jerome Powell and his colleagues are likely to shy away from signaling that they’re done raising interest rates when they meet next week.
With inflation still above its 2% target and economic growth solid, US central bankers probably will retain a bias toward tighter policy at their Sept. 19-20 meeting even as they hold rates steady.