Central Banks
Fed Officials Prepare to Extend Rate Pause Without Saying Hikes Are Done
- Policymakers are wary of declaring victory over inflation
- Communcation challenges grow as officials try to balance risks
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Federal Reserve officials look set to hold interest rates steady for the second time in a row next month — but they’re far from calling an end to their tightening campaign.
Policymakers across the hawk-dove spectrum have signaled in recent days that they’re inclined to forgo a rate hike at their Oct. 31-Nov. 1 meeting following a run-up in bond yields that has tightened financial conditions.