Federal Reserve officials voted to hold interest rates steady at a 22-year high but signaled they were prepared to raise rates once more this year to combat inflation. WSJ's Nick Timiraos explains the Fed’s “soft landing” goal of lowering inflation without crashing the economy.

Further Reading:

- Fed Holds Rates Steady but Pencils in One More Hike This Year 

- Why a Soft Landing Could Prove Elusive 

Further Listening:

- Will the Fed Stop Raising Interest Rates 

- Homeowners Don’t Want to Sell. So Builders Are Cashing In. 

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