Cooling the Economy Without Crushing It

Eyes on the Fed

This week, the Federal Reserve will decide on its next move for interest rates. The decision, expected to be announced on Wednesday, will almost certainly be to raise its benchmark rate. The U.S. economy is facing its worst bout of inflation in four decades, and higher interest rates are likely to slow the economy and ease price increases. But how much remains a question.

Many on Wall Street believe that the Fed is likely to…