The Fed Might be On-Course to Hold Rates Steady, According to WSJ

Central bank officials could be nearing the finish-line of raising short term interest rates if long term rates remain at recent highs and inflation continues to cool. The Fed previously raised the federal funds rate target range in July but held rates steady at their September meeting. The rise in long-term Treasury yields started after the July meeting and gained steam after the September meeting. This has led to speculation that these increases could substitute for additional increases in the fed funds rate target. This suggests the Fed may hold rates steady at their Oct. 31-Nov. 1 meeting and monitor economic and financial developments ahead of their December meeting.

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