Why The Fed Paused (9/20/2023)

The Federal Reserve Bank of New York's Underlying Inflation Gauges are trackable on FRED, and with the Fed holding rates steady after yesterday's meeting, it puts their policy stance in perspective. With the RATE of inflation slowing, holding rates where they are amounts to a more restrictive policy without having to raise outright. So no wonder the Fed is hedging on future moves, because this might be the best path to a soft landing IF we can stay on this trend.