Fed Preview: The End is Near

The Federal Open Market Committee (FOMC) will gather next week to take stock of monetary policy. The meeting will likely mark a turning point, and so we are devoting this issue to an in-depth preview of the discussions.

Public statements from some Fed officials suggest that stress in the banking sector justifies pausing the tightening program. Other participants have sustained a laser-like focus on inflation, which remains above desired levels. Arriving at a sound diagnosis and issuing the correct prescription will be especially challenging.

Following are the factors the group will consider, with arguments on both sides of each topic.

Economic Growth