Inflation target of 2% may not stop the next Fed rate freeze

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 10 Oct, 07:00 UTC

The Fed can stop raising rates before inflation reaches 2% if officials believe the economy's already heading there without another increase. September's meeting left most unconvinced, with strong spending and persistent price increases outweighing the strain expensive borrowing was putting on…