The Fed isn’t getting the economy it expected

The economy has been much stronger than policymakers anticipated. (Image: Getty)

Wed, 20 Sep 2023

By Justin LahartWhen the Federal Reserve’s rate-setting committee sits down on Tuesday and Wednesday (US time), one thing it has to grapple with is that underlying inflation is looking cooler than it thought just a few months ago. Another: The economy is looking much stronger.The central bank’s policymakers will need to update the economic projections to reflect these changes, but an environment with a bit less inflation and more growth has interest-rate implications, too. Although policymakers are almost certain to keep rates...

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