Fed Sees Soft Economic Landing, End to Rate Increases

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00024831-fed-sees-soft-economic-landing-end-to-rat/

By Tim Ahmann

U.S. Federal Reserve officials are set to raise interest rates later this month, but expect the economy to settle into a sustainable pace without borrowing costs going much higher, recent comments from policy-makers suggest.

While another quarter-point boost is seen as certain at the March 27-28 meeting of the rate-setting Federal Open Market Committee — the first to be led by new Fed Chairman Ben Bernanke — officials have made it clear they are less sure what the future will bring.

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