Fed’s Plan for 2017 Nears Completion—but View for 2018 Is Fuzzy

Article source
Wall Street Journal

Federal Reserve officials are preparing to raise interest rates in December, allowing them to accomplish something that eluded them in each of the past two years: They will have delivered on their projections at the start of the year, which for 2017 showed three rate increases plus the start of the shrinking of their large bond portfolio.

Whether officials can pull off a repeat performance by sticking to their road map of gradual rate increases again next year is clouded by conflicting signals on two items that matter most to the central bank: employment and inflation.

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