Recession and Depression – Page 36

Fed Set to Lift Rates as ‘Soft-ish Landing’ Becomes a Harder Sell

The central bank has hoped to cool down the economy without pushing unemployment much higher. Stubborn inflation narrows that path.

The Federal Reserve has the tools that it needs. Now it should use them.

The losses in China, Japan and Australia followed weakness in the United States, where stocks closed in bear market territory.

There have been several instances of near-bear markets in recent decades, but it’s rare for them to hit the threshold.

Inflation is a tricky problem, but it has a few clear causes and consequences, and policymakers are working to bring it to heel.