But with data on the labor market and inflation showing an economy that’s still humming, the Federal Open Market Committee is unlikely to take further rate increases off the table.
Federal Reserve officials look set to hold interest rates steady for the second time in a row next month — but they’re far from calling an end to their tightening campaign.
Policymakers across the hawk-dove spectrum have signaled in recent days that they’re inclined to forgo a rate hike at their Oct 31-Nov. 1 meeting following a run-up in bond yields that has tightened financial conditions.
