Fed Aims for Soft Landing With a Rate Pause and a Pledge to Move ‘Carefully’
Federal Reserve officials left interest rates unchanged on Wednesday and released a roundly optimistic set of economic forecasts that showed inflation fading more swiftly this year even with a solidly growing economy.
Altogether, the news suggested that Fed officials are beginning to see a better chance of a “soft landing”: a slowdown in inflation that does not require pronounced economic pain. While officials predicted that they could still make another rate increase before the end of 2023, they are treading carefully to try to ensure that they do not overdo it and squeeze the economy more than is necessary...
