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July 12, 2024 9:06 pm

Federal Reserve’s ‘Soft Landing’ Goal Has Become Bumpier with Rate Hike Plan Hit by Bank Turbulence | Opinion

Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.