US Fed on track for 'soft landing'

By Agence France-Presse

Oct 15, 2023 12:16 am

WASHINGTON, D.C.: The US Federal Reserve (Fed) is on track to achieve the rare feat of lowering inflation without causing a damaging recession, a senior central bank official said on Friday.

The Fed recently slowed the pace of its interest rate hikes after lifting rates to a 22-year-high, citing progress made in the inflation fight.

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