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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Remittances hit $3.42B in October

Ex-PLDT chief elected MAP's 2025 president

Nayong Pilipino leased to San Miguel

Investment approvals to hit P215B, says PEZA

Peso down 20 centavos; PSEi flat

Weak China consumption a drag on fragile economy

Processors: India meat ban to affect production