Fed Begins Slower Pace of Rate Hikes; Is a Soft Landing Possible?

P.M. Edition for Dec. 14. The Federal Reserve raised interest rates by half a percentage point, as expected, and signaled plans to keep raising rates at its next few meetings. The increase followed bigger jumps of 0.75 points at the central bank’s past four meetings, and it marks a new phase of policy tightening to fight inflation without pushing the U.S. economy into recession. WSJ reporter Harriet Torry joins host Daniella Cheslow to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices