The Fed may hold rates steady in September, but that doesn’t mean it's done

Fed officials have signaled they could pause rates this month as they slow their fight against inflation while also warning that more hikes could still be necessary.

Federal Reserve officials have signaled ahead of their next policy meeting this month that they can move slowly in their fight against inflation as the labor market softens and prices tick down from pandemic highs.

"Another skip could be appropriate when we meet later this month,” Logan added. "But skipping does not imply stopping. In coming months, further evaluation of the data and outlook could confirm that we need to do more to extinguish inflation."Logan's message echoed comments from other Fed officials in recent days. Boston Federal Reserve President Susan Collins said on Sept.

The Fed will hold its next policy meeting on Sept. 19-20, and officials are expected to hold rates steady in the range of 5.25%-5.5% to see if the inflation data continues to show cooling.Inflation has dropped from a high of just over 9% to closer to 3%, but on a core basis — stripping out volatile food and energy prices — inflation is still running around 4% — twice the Fed’s inflation target.

Despite the cooler reports, the US economy has remained stronger than expected, making it too early to tell whether inflation is on a sustained path back to 2%.Fed Chair Jerome Powell said on Aug. 25 in Jackson Hole that the Fed is Since the Fed’s annual economic symposium in Jackson Hole just over a year ago, the Fed has raised rates by 3%, including a full percent over the past seven months, and has continued reducing the size of its balance sheet.

Atlanta Fed president Raphael Bostic said on Aug. 31 that he doesn’t believe interest rates need to be raised further, but that the central bank should hold them at heightened levels since inflation is still too high.

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