Salem Radio Network News Wednesday, October 4, 2023


Federal Reserve won’t likely raise rates next week but maybe next month


( ) -v-35- UNDATED (Correspondent Jeremy House) “std.”

When the Federal Reserve meets next week, Chairman Jerome Powell will need to forge a consensus. Correspondent Jeremy House has more on the story.

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VERBATIM: One group of officials would like to pause their rate increases after 10 straight hikes to allow time to assess whether higher borrowing rates are slowing inflation. But a second group worries that inflation is still too high and thinks the Fed should continue hiking at least once or twice more — beginning next week. Some analysts believe Powell will turn what previously was considered a “pause” into a “skip.” A “pause” might suggest that the Fed won’t necessarily raise its benchmark rate again. A “skip” implies that it probably will — just not now…JH, Washington

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