“For months, Wall Street has been begging for a signal that the Fed is done increasing interest rates to slow the economy, an inflation-fighting measure.
It isn’t likely to happen. As they meet today and tomorrow to review monetary policy, [Ben S.] Bernanke and his Fed colleagues appear reluctant to declare victory, even though inflation has eased in recent months. On the contrary, they are likely to say they want inflation to keep falling and are concerned about the risk that it could flare up again. That means they won't lower borrowing costs anytime soon.” (Washington Post, Wednesday)
Regardless of whatever it is the Fed targets, it’s always off the mark.