The Federal Reserve Is Now in Risk Management Mode

I’m Craig Torres, a Federal Reserve reporter in Washington, and today we’re looking at the US central bank’s looming policy decision. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

For the first time since they started hiking interest rates 19 months ago, Federal Reserve policymakers on Wednesday have signaled they will stand pat for a consecutive meeting, suggesting a shift in their approach.