The Fed is still after an elusive soft landing, which remains a 'plausible outcome,' but not the baseline expectation, according to Fed Chair Powell.
without triggering a widespread downturn is not the baseline expectation but rather a “plausible outcome.". "That's what we've been trying to achieve for all this time."
US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, DC, on September 20, 2023. The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, between 5.25 percent and 5.50, percent while forecasting an additional rate hike before the end of the year to bring down inflation.
For market watchers and the broader public achieving a soft landing carries enormous importance because it will spell the difference between a recession and economic vitality. But actually pulling one off, as the metaphor implies, is an unlikely endeavor.
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